Property Back to Market Report Property

824 Ne 16th Street, Fort Lauderdale, FL 33304

$1,229,000
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List Price
$1,229,000
MLS#
B26096945
Status
ACTIVE
Type
Commercial
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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

Days on Market
0
Tax Amount
$15,221
Parcel Number
494235041000
Lot Size
9,759
Address
824 Ne 16th Street, Fort Lauderdale
Year Built
1970
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Listing Courtesy of Inbal Ruiz, Contact: