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1301 NE 16th Ter 9 Unit Apartment Building $3,620,682 CAD ($402,298 CAD/Unit) Fort Lauderdale, FL 33304
Investment Highlights
- 9 assigned parking spaces
- 9-unit multifamily asset in a high-growth Fort Lauderdale-area submarket
- Individually metered electric on all 9 units, reducing owner utility burden
- Immediate upside through lease-up of vacant units
- New HVAC (multiple units), fence, and irrigation system installed 2025
- Recently renovated — 8 of 9 units fully remodeled in 2024
Executive Summary
9-Unit Multifamily Investment Opportunity
Located in one of Fort Lauderdale's fastest-growing neighborhoods, this 9-unit multifamily property offers a strong unit mix of one 2BD/1BA, one 2BD/2BA, and seven 1BD/1BA residences across two buildings, with recent capital improvements and immediate upside through vacant unit lease-up. The property is just minutes from Fort Lauderdale Beach, Downtown Fort Lauderdale, Las Olas Boulevard, and Wilton Manors, with quick access to I-95 and US-1, positioning it to capture strong rental demand amid ongoing neighborhood redevelopment.
Recent upgrades include a new fence, irrigation system, and HVAC for multiple units in 2025, along with a full remodel of eight of the nine units and newly paved patios in 2024. Each unit is individually metered for electric, with a separate house meter and one master water meter servicing the property, and nine assigned parking spaces are available for residents. Three of the units are offered furnished.
This is a well-maintained, turnkey opportunity for an investor seeking a stabilized multifamily asset with room to grow income through lease-up of available units in a high-demand South Florida submarket.
Located in one of Fort Lauderdale's fastest-growing neighborhoods, this 9-unit multifamily property offers a strong unit mix of one 2BD/1BA, one 2BD/2BA, and seven 1BD/1BA residences across two buildings, with recent capital improvements and immediate upside through vacant unit lease-up. The property is just minutes from Fort Lauderdale Beach, Downtown Fort Lauderdale, Las Olas Boulevard, and Wilton Manors, with quick access to I-95 and US-1, positioning it to capture strong rental demand amid ongoing neighborhood redevelopment.
Recent upgrades include a new fence, irrigation system, and HVAC for multiple units in 2025, along with a full remodel of eight of the nine units and newly paved patios in 2024. Each unit is individually metered for electric, with a separate house meter and one master water meter servicing the property, and nine assigned parking spaces are available for residents. Three of the units are offered furnished.
This is a well-maintained, turnkey opportunity for an investor seeking a stabilized multifamily asset with room to grow income through lease-up of available units in a high-demand South Florida submarket.
Property Facts
| Price | $3,620,682 CAD | Building Class | C |
| Price Per Unit | $402,298 CAD | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 5,572 SF |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | CF, Fort Lauderdale | ||
| Price | $3,620,682 CAD |
| Price Per Unit | $402,298 CAD |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 5,572 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1/1,000 SF |
| Zoning | CF, Fort Lauderdale |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 49-42-34-02-8110 | Improvements Assessment | $2,322,744 CAD |
| Land Assessment | $88,031 CAD | Total Assessment | $2,410,775 CAD |
Property Taxes
Parcel Number
49-42-34-02-8110
Land Assessment
$88,031 CAD
Improvements Assessment
$2,322,744 CAD
Total Assessment
$2,410,775 CAD
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1301 NE 16th Ter
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