105 NE 16th Terrace, Fort Lauderdale, FL 33301 — MLS photo

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105 NE 16th Terrace, Fort Lauderdale, FL 33301

Active · MultiFamily

$3,300,000

105 NE 16th Terrace, Fort Lauderdale, FL 33301

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1953
Lot size
—
HOA fee
—
Annual tax
—

About this property

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 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.

Property location

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105 NE 16th Terrace, Fort Lauderdale, FL 33301

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
MultiFamily
Year built
1953

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Broward
MLS listing ID
R11142640
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$6,459

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$15,644/mo
Down payment
$825,000
Loan amount
$2,475,000
Annual NOI
$110,220

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.