$1,229,000
Fort Lauderdale, FL 33304
MLS# B26096945
3344 sqft
1 / 21
Property 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.
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Listing Date: 2026-11-05
Status: Active
Original List Price: 1229000
List Price: $1,229,000
Current Price: $1,229,000
Listing Service: Full Service
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Fort Lauderdale
Municipality Type: Incorporated
Postal Code: 33304
Geographic Area: FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Subdivision Number: 4
Flood Zone: AE
Property Description: MULTIFAMILY 2-9 UNITS
Country: United States
Street Number: 824
Street Direction Prefix: NE
Street Name: 16TH
Street Suffix: Street
State Or Province: FL
Postal Code +4: 4820
Area: 3370
Parcel Number: 494235041000
Zoning: RS-8
General Property Information
Number Of Units Total: 5
Price Per Unit: 245800
Occupant Type: Tenant
Adjusted Area Main: 3344
Accessibility Features YN: No
Lot Size Area: 9759
Stories Total: 1
Property Sub Type: Multi Family
Building Area Main: 3344
Building Area Source: Other
Year Built: 1970
Parking Total: 12
Lot Size Acres: 0.22
Financial Information
Tax Assessed/SOH Value: 694330
Assessor Market Value: 798290
Tax Annual Amount: 15221.59
Tax Year: 2025
Tax Legal Description: LAUDERDALE PARK 6-33 1/2 B LOT 1,2,3 BLK 8
Office/Member Information
DXORIGMLSID: RML
Electric
Other: 1
Flooring
Tile: 1
Wood: 1
Special Listing Conditions
Standard: 1
Documents Available
Copy Of Lease(s): 1
Existing Survey: 1
Owner Managed: 1
Photos: 1
Rent Rolls: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Meters Total: 1
Number Of Separate Electric Meters: 5
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Building and Property Details
# Of Tenants: 5
# Of Toilets: 7
Common Area Maintenance Includes
Interior Electric: 1
Heating
Electric: 1
Window/Wall: 1
Construction Materials
Brick: 1
CBS: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Road Frontage Type
City Street: 1
Roof
Composition: 1
Shingle: 1
Security Features
Smoke Detector(s): 1
None: 1
Water Source
Public: 1
Description of Unit Type 1
Unit Type: 1 Bedroom
Units Total: 4
Beds Total: 1
Full Baths: 1
Furnished: No
Annual Rent: 109800
Description of Unit Type 2
Unit Type: 2 Bedroom
Units Total: 1
Beds Total: 2
Full Baths: 2
Furnished: No
Annual Rent: 109800
Cooling
Electric: 1
Wall/Window Unit(s): 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Occupied: 1
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-11-05T22:16:19Z
Major Change Type: New Listing
Status Change Date: 2026-11-05
Originating Details
Originating System Key: 20261105211633165756000000
Originating System ID: M00000170
Property Features
Common Area Maintenance Includes: Interior Electric
Documents Available: Copy Of Lease(s); Existing Survey; Owner Managed; Rent Rolls
Electric: Other
Flooring: Tile; Wood
Heating: Electric; Window/Wall
Possession: Close Of Escrow
Special Listing Conditions: Standard
Construction Materials: Brick; CBS
Cooling: Wall/Window Unit(s)
Listing Terms: 1031 Exchange; Cash; Conventional
Road Frontage Type: City Street
Roof: Composition; Shingle
Security Features: Smoke Detector(s); None
Sewer: Public Sewer
Utilities: Cable Available; Electricity Available; Sewer Available; Water Available
Water Source: Public
Showing Requirements: 24 Hour Notice; Call Listing Agent; Occupied
Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Listing Office: Inbal Ruiz
Last Updated: November - 06 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
