1040 NE 16th Ave Fort Lauderdale, FL 33304
Lake Ridge NeighborhoodEstimated payment $6,649/month
Highlights
- In Ground Pool
- No HOA
- Central Air
- Fort Lauderdale High School Rated A
- Ceramic Tile Flooring
- Laundry Facilities
About This Home
PRICE IMPROVEMENT on This fabulous triplex, located in beautiful Lake Ridge is super clean and well maintained. The owner’s unit is one level. The living space is open, with plenty of room for dining and entertainment areas. The third bedroom has potential to be the primary bedroom suite or an in-law suite. The two attached townhouses, each have two bedrooms, 1.5 baths, and separate utilities. Shared private pool/ patio oasis is tucked away in the back of the house. Laundry is coin op, and is is in an enclosed area. The owners unit is currently vacant, and could rent for $3000/month. The townhouses have long term tenants, month to month occupancy. Ideal for investment or owner operator. Conveniently located to shopping, dining, 2.5 miles to beach, call and make an appointment today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,533
Year Built
- Built in 1978
Parking
- 6 Parking Spaces
Home Design
- Triplex
- Shingle Roof
- Composition Roof
Interior Spaces
- 5,097 Sq Ft Home
- 2-Story Property
- Ceramic Tile Flooring
Utilities
- Central Air
- Heating Available
Additional Features
- In Ground Pool
- Fenced
Listing and Financial Details
- Rent includes gardener, pool maintenance
- Assessor Parcel Number 494234045790
Community Details
Overview
- No Home Owners Association
- 3 Units
- Lake Ridge Condos
- Lake Ridge Subdivision
Additional Features
- Laundry Facilities
- Net Operating Income $55,370
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,533 | $802,350 | $37,140 | $765,210 |
| 2024 | $13,413 | $787,510 | $37,140 | $750,370 |
| 2023 | $13,413 | $615,170 | $37,140 | $578,030 |
| 2022 | $5,766 | $286,340 | $0 | $0 |
| 2021 | $5,596 | $278,000 | $0 | $0 |
| 2020 | $6,083 | $324,260 | $0 | $0 |
| 2019 | $5,056 | $311,680 | $0 | $0 |
| 2018 | $4,684 | $288,520 | $0 | $0 |
| 2017 | $4,426 | $220,100 | $0 | $0 |
| 2016 | $4,364 | $205,040 | $0 | $0 |
| 2015 | $4,048 | $192,330 | $0 | $0 |
| 2014 | $3,783 | $180,700 | $0 | $0 |
| 2013 | -- | $188,370 | $20,260 | $168,110 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2025 09/10/25 | Price Changed | $975,000 | -18.6% | $191 / Sq Ft |
| 07/16/2025 07/16/25 | Price Changed | $1,198,000 | -0.2% | $235 / Sq Ft |
| 03/22/2025 03/22/25 | For Sale | $1,200,000 | -- | $235 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Personal Reps Deed | -- | None Listed On Document | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $423,000 | -- | |
| Warranty Deed | $200,000 | -- | |
| Quit Claim Deed | $10,000 | -- | |
| Warranty Deed | $92,714 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $319,500 | Commercial | |
| Previous Owner | $160,000 | Commercial |
Source: MIAMI REALTORS® MLS
MLS Number: A11768220
APN: 49-42-34-04-5790
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