5861 Ne 18th Ave, Fort Lauderdale, FL 33334
- $1,200,000
- 2,612
- SqFt
- List Price
- $1,200,000
- MLS
- A12104975
- Complex Name
- Coral Ridge Isles
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 2,612
Property Description
PRIME TURNKEY INVESTMENT IN CORAL RIDGE ISLES! Exceptional opportunity to own a fully occupied, income-producing fourplex in one of Fort Lauderdale's highly desirable neighborhoods. Generating $7,700 in monthly gross income and $92,400 annually, this meticulously maintained property features all four units occupied with signed lease agreements, providing immediate rental income from day one. Extensively renovated with major improvements already completed, including a newer roof (2020), private patios for each unit (2023), impact windows (2024), tankless water heaters (2024), renovated kitchens and bathrooms (2024), commercial Speed Queen washer and dryer (2024), replaced main sewer line (2025), and resurfaced parking lot (2026). Additional upgrades include exterior lighting and hurricane protection. Ideally situated in Coral Ridge Isles, less than 10 minutes from the beach, Downtown Fort Lauderdale, Pompano Beach, parks, schools, supermarkets, shopping, dining, and entertainment. With extensive upgrades, established rental income, and minimal maintenance requirements, this property offers the perfect combination of location, convenience, and investment potential. Whether you're expanding your portfolio or acquiring your first multifamily investment, this is an opportunity you don't want to miss! Owner financing available!
Additional Information
- Days on Market
- 8
- Style
- Quadruplex, Fourplex
- Exterior Features
- Exterior Lights
- Water Access
- None
- #Parking Spaces
- 9
- Year Built
- 1967
- Development Name
- Coral Ridge Isles, Coral Ridge Isles
- #Stories
- 1
- Construction Type
- Concrete Block Construction, CBS Construction
- Section
- 11
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Listing Courtesy of Icon Realty Advisors LLC, Contact: