Multifamily For Sale
824 Ne 16th Street, Fort Lauderdale, FL 33304

$1,229,000
New For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:B26096945
  • Virtual Tour: YES
  • List Price: $1,229,000
  • Taxes:$15,221
  • Year Built:1970
  • Listing Date:November 5, 2026
  • Days On Market:4
  • Total Units:5

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.

Features


  • Floor:Hardwood, Tile, Wood
  • Exterior Feature:

Location


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker