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.
Listed By
Agency Name: Inbal Ruiz
Agency Phone: 954-246-4123
Shown By
Agent Name: Hannah Windsor
Agent Phone: (904) 534-6790
Agency Title: Watson Realty Corp., REALTORS ®
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824 NE 16th Street, Fort Lauderdale, FL 33304.
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824 NE 16th Street, Fort Lauderdale, FL 33304.
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824 NE 16th Street | MLS# B26096945
This commercial property located at 824 NE 16th Street, Fort Lauderdale, FL 33304 is currently listed for sale with an asking price of $1,229,000. Search Fort Lauderdale real estate on www.myhouseofwindsor.com today.