Overview
Property ID: HZB26096945
- Multi Family, Commercial Sale
- 3344
- 1970
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.
Address
Open on Google Maps- Address 824 NE 16TH Street
- City Fort Lauderdale
- State/county FL
- Zip/Postal Code 33304
- Area Broward
Details
Updated on November 6, 2026 at 12:41 am- Property ID: HZB26096945
- Price: $1,229,000
- Property Size: 3344 Sqft
- Land Area: 0.22 Acres
- Garage Size: x x
- Year Built: 1970
- Property Type: Multi Family, Commercial Sale
- Property Status: Active, For Sale
Additional details
- Listing Terms: Cash, Conventional, 1031 Exchange
- Roof: Composition, Shingle
- Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
- Sewer: Public Sewer
- Cooling: Electric, Wall/Window Unit(s)
- Heating: Electric, Wall Furnace
- Flooring: Tile, Wood
- County: Broward
- Property Type: Commercial Sale
Mortgage Calculator
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