Log In/Sign Up
Your email has been sent.
105 NE 16th Ter
Fort Lauderdale, FL 33301
Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- Prime Victoria Park Location — One of Fort Lauderdale’s most desirable residential neighborhoods with strong renter demand and high barriers to entry.
- Redevelopment Potential — Ideal site for a boutique luxury multifamily, townhome community, or high-end redevelopment project (buyer to verify zoning)
- Value-Add Opportunity — Ability to increase rents through interior upgrades, exterior enhancements, or amenity improvements.
- Highly Stable Market — Victoria Park continues to see rising property values, new construction, and limited inventory for quality multifamily offering
- Walkable Lifestyle — Minutes to Las Olas Blvd., Holiday Park, Flagler Village, downtown Fort Lauderdale, beach, Brightline Station, and FTL Airport.
- Strong Surrounding Demographics — High-income resident base and continuous demand from professionals, young families, and seasonal residents.
EXECUTIVE SUMMARY
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.
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 bought individually or part of a portfolio with 811 SE 16th St, Fort Lauderdale - 22 units - located approximately 2 miles to the south in the Harbordale neighborhood.
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 bought individually or part of a portfolio with 811 SE 16th St, Fort Lauderdale - 22 units - located approximately 2 miles to the south in the Harbordale neighborhood.
PROPERTY FACTS
| Price Per Unit | $363,749 CAD | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 7,724 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1953 |
| Apartment Style | Garden | Parking Ratio | 1.17/1,000 SF |
| Building Class | C | ||
| Zoning | RC-15, Ft Lauderdale | ||
| Price Per Unit | $363,749 CAD |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 7,724 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | RC-15, Ft Lauderdale |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | $2,511 CAD | 500 |
| 1+1 | 7 | $2,581 CAD | 750 |
| 2+1 | 1 | $3,628 CAD | - |
PROPERTY TAXES
| Parcel Number | 50-42-02-15-0770 | Improvements Assessment | $3,525,726 CAD |
| Land Assessment | $265,072 CAD | Total Assessment | $3,790,799 CAD |
PROPERTY TAXES
Parcel Number
50-42-02-15-0770
Land Assessment
$265,072 CAD
Improvements Assessment
$3,525,726 CAD
Total Assessment
$3,790,799 CAD
1 of 27
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
