Exceptional Investment Opportunity – Zoned RM-15 in Lake Ridge/ Progresso
Not your average duplex! This income-producing property is located in the heart of Fort Lauderdale’s Lake Ridge/ Progresso neighborhood and offers significant future development potential. Zoned RM-15, it allows for up to 8 units. Each unit includes its own oversized, fenced backyard, providing rare privacy and outdoor space in a multifamily setting. Split and private main entry for Tenants or Owner/ Tenant
Property is tenant-occupied and generating income. Ideal for investors looking to hold or redevelop in one of Fort Lauderdale’s most desirable locations—just minutes from Las Olas, the beach, and downtown.
Not your average duplex! This income-producing property is located in the heart of Fort Lauderdale’s Lake Ridge/ Progresso neighborhood and offers significant future development potential. Zoned RM-15, it allows for up to 8 units. Each unit includes its own oversized, fenced backyard, providing rare privacy and outdoor space in a multifamily setting. Split and private main entry for Tenants or Owner/ Tenant
Property is tenant-occupied and generating income. Ideal for investors looking to hold or redevelop in one of Fort Lauderdale’s most desirable locations—just minutes from Las Olas, the beach, and downtown.
Property Details
Price:
$925,000
MLS #:
A11809897
Status:
Active
Beds:
0
Baths:
0
Address:
1215-1217 NE 16th Ave
Type:
Multi Family
Subtype:
Duplex
Subdivision:
PROGRESSO
Neighborhood:
Progresso
City:
Fort Lauderdale
Listed Date:
May 28, 2025
State:
FL
Finished Sq Ft:
2,188
Total Sq Ft:
2,188
ZIP:
33304
Year Built:
1958
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Schools
Interior
Cooling
Ceiling Fan(s), Central Air
Flooring
Ceramic Floor
Heating
Central, Electric
Exterior
Architectural Style
Detached
Construction Materials
Concrete Block Construction
Exterior Features
Fruit Trees, Room For Pool
Parking Spots
4
Roof
Shingle
Financial
Tax Year
2024
Taxes
$12,158
Map
Community
- Address1215-1217 NE 16th Ave Fort Lauderdale FL
- SubdivisionPROGRESSO
- CityFort Lauderdale
- CountyBroward County
- Zip Code33304
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