824 NE 16TH Street, Fort Lauderdale FL 33304
Fort Lauderdale, FL 33304
$1,229,000
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- Price
- $1,229,000
- Building size
- 3,344
- Property type
- Multi Family
- Year built
- 1970
- Lot size (sq ft)
- 9,759
- MLS number
- B26096945
This listing is courtesy of Inbal Ruiz, 954-246-4123.
About this property
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.
Details
- Property type
- Multi Family
- Year built
- 1970
- Lot size (sq ft)
- 9,759
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC