824 NE 16TH Street

Highlights:

• Lot Features: Less Than 1/4 Acre Lot, Less Than 1 Acre
• Bathrooms Total: 0
• Documents Available: Copies Of Lease(S), Owner Managed
• Cooling: Electric, Wall/Window Unit(s)
• Heating: Electric, Window/Wall
• Electric: Other Electric
• Flooring: Tile, Wood
• Construction Materials: Brick, CBS Construction
• Security Features: No Fire Protection, Smoke Alarm, Smoke Detector(s), Smoke Detector, No Security

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.

---

Report Listing This listing was syndicated through:

Listing ID: B26096945