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.
Features
- Heating System
- Cooling System
- Roof
- Sewer
Address Map
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33304
- Street:
- 824 Ne 16th Street, Fort Lauderdale, Florida 33304
- Longitude:
- W81° 51' 52.3''
- Latitude:
- N26° 8' 51.1''
MLS Addon
- Building Area:
- 3,344 Sqft
- Construction Materials
- DOM:
- 2
- Electric
- Flooring
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 494235041000
- Stories Total:
- 1
- Tax Annual Amount:
- $15,221
- Utilities
- Virtual Tour:
- Click Here
Commercial Sale For Sale
824 Ne 16th Street, Fort Lauderdale, Florida 33304, Fort Lauderdale, Florida 33304
9,759 Sqft
$1,229,000
MLS # #B26096945
Basic Details
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,229,000
- Year Built :
- 1970
- Lot Area :
- 9,759 Sqft
- MLS # :
- B26096945
