$3,300,000
Fort Lauderdale, FL 33301
MLS# R11142640
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Property Description
Discover an exceptional multifamily investment opportunity in the heart of Victoria Park, one of Fort Lauderdale's most sought-after and rapidly growing neighborhoods. Located at 105 NE 16th Terrace, this well-maintained 14-unit apartment building offers both stable in-place income and significant long-term upside through value-add renovations or a complete redevelopment play. **Attractive Assumable Seller Financing Available
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2025-11-21
Status: Active
Original List Price: 3750000
List Price: $3,300,000
Current Price: $3,300,000
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Fort Lauderdale
Postal Code: 33301
Geographic Area: FTSE - Ft Lauderdale SE (3280-3282;3600;3800)
Property Description: Multi-Family
Country: United States
Street Number: 105
Street Direction Prefix: NE
Street Name: 16th
Street Suffix: Terrace
State Or Province: FL
Area: 3280
Parcel Number: 504202150770
Zoning: RC-15
General Property Information
Number Of Units Total: 14
Lot Size Area: 12196.8
Stories: 2
Property Sub Type: Multi Family
Building Area Source: Public Records
Year Built: 1953
Lot Size Acres: 0.28
Office/Member Information
DXORIGMLSID: RML
Electric
Three Phase: 1
Flooring
Tile: 1
Parking Features
Assigned: 1
Guest: 1
Property Condition
Resale: 1
Documents Available
Existing Survey: 1
Investment Analysis: 1
Photos: 1
Rent Rolls: 1
Possession
Close Of Escrow: 1
Building and Property Details
# Of Toilets: 15
% Air Conditioned: 100
Maximum Ceiling Height: 10
Building Features
Laundry Facilities: 1
Pool: 1
Heating
Central Individual: 1
Sale Includes
Building: 1
Fixtures: 1
Furniture: 1
Inventory: 1
Land: 1
Machinery: 1
Construction Materials
CBS: 1
Concrete: 1
Listing Terms
1031 Exchange: 1
Assumable: 1
Cash: 1
Owner Will Carry: 1
Roof
Other: 1
Security Features
Smoke Detector(s): 1
Cooling
Central Individual: 1
Showing Requirements
Text Listing Agent: 1
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Less Than 1 Acre Lot: 1
Financial Information
Tax Annual Amount: 56647
Tax Year: 2025
Tax Legal Description: VICTORIA PARK CORR AMEN PLAT 10-66 B LOT 14,15 BLK 5
Status Change Information
Major Change Timestamp: 2026-03-28T00:13:50Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-03-28T00:13:50Z
Status Change Date: 2025-11-21
Originating Details
Originating System Key: 20251121175719733513000000
Originating System ID: M00000170
Property Features
Building Features: Laundry Facilities; Pool
Documents Available: Existing Survey; Investment Analysis; Rent Rolls
Electric: Three Phase
Flooring: Tile
Heating: Central Individual
Parking Features: Assigned; Guest
Possession: Close Of Escrow
Property Condition: Resale
Sale Includes: Building; Fixtures; Furniture; Inventory; Land; Machinery
Construction Materials: CBS; Concrete
Cooling: Central Individual
Listing Terms: 1031 Exchange; Assumable; Cash; Owner Will Carry
Roof: Other
Security Features: Smoke Detector(s)
Showing Requirements: Text Listing Agent
Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot
Supplements
Positioned just minutes from Las Olas Boulevard, Flagler Village, and Fort Lauderdale's world-class beaches, this property benefits from strong tenant demand, walkability, and proximity to dining, entertainment, and major employment hubs. This highly desirable location and site is ideally suited for a boutique townhome community, luxury multifamily development, or elevated repositioning strategy. Whether you're seeking stable cash flow, a premium location for redevelopment, or a long-term hold in a blue-chip neighborhood, this property presents an unparalleled opportunity in one of Fort Lauderdale's most prestigious submarkets. Can be sold individually or as part of a portfolio with 811 SE 16th St, Fort Lauderdale - which is located approximately 2 miles south in the Harbordale neighborhood.
Listing Office: Keller Williams Realty Service
Last Updated: November - 07 - 2026
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