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954-557-5993
Real Estate Company
824 Ne 16th Street, Fort Lauderdale, FL 33304
- $1,229,000
- List Price
- $1,229,000
- MLS#
- B26096945
- Lot Size
- 9,759
- Subtype
- Multi Family
- County
- Broward
- Community
- Not Found
- Year Built
- 1970
Property Description
GREAT INCOME-PRODUCING INVESTMENT OPPORTUNITY IN FORT LAUDERDALE! Well-maintained 5-unit multifamily property generating $9,150 in monthly rental income and $109,800 annually! Featuring one 2-bedroom/2-bathroom unit and four 1-bedroom/1-bathroom units. Each unit includes 2 parking spaces. Four of the five units have been updated. Newer roof. New electrical panels completed in 2026. Currently owner-managed with an estimated 6.11% cap rate. Excellent opportunity to acquire a strong income-producing asset in a desirable Fort Lauderdale location.
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Additional Information
- Status Label
- ACTIVE
- Total Unitsin Complex
- 5
- Construction
- Brick, CBS Construction
- Cooling
- Electric, Wall/Window Unit(s)
- Flooring
- Tile, Wood
- Heating
- Electric, Window/Wall
- Lot Description
- Less Than 1/4 Acre Lot, Less Than 1 Acre
- Roof
- Comp Shingle Roof, Composition Roll, Shingle
- Security
- No Fire Protection, Smoke Alarm, Smoke Detector(s), Smoke Detector, No Security
- Taxes
- $15,221
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Sewer Available, Water Available
- Total Floors
- 1
- Stories
- 1
- Roofing
- Comp Shingle Roof, Composition Roll, Shingle
- Acres
- 0.22
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Listing Courtesy of Inbal Ruiz, Contact: