5861 NE 18th Ave, Fort Lauderdale FL 33334 | A11757342 | Broward County
- $1,049,000
- Quadruplex
- 2612 Square Feet
5861 NE 18th Ave, Fort Lauderdale FL 33334 | A11757342 | Broward County
- $1,049,000
Description
This offering presents a compelling investment opportunity to acquire a well-maintained four-unit multi-family property in the highly desirable Coral Ridge Isles neighborhood of Fort Lauderdale, Florida. This property delivers strong current income, coupled with significant long-term appreciation potential due to its prime location and attractive amenities. The building comprises two one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units, catering to a diverse tenant base.
Property Highlights: Roof replacement in 2019. New, predominantly impact-resistant windows throughout. Tankless water heaters in three units. Free internet access provided by the owner. Private backyards for each unit. On-site laundry facilities for tenant convenience.
Address
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Address: 18th Ave
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City: Fort Lauderdale
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State/county: Broward County
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Zip/Postal Code: 33334
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Area: CORAL RIDGE ISLES
Details
Updated on August 10, 2025 at 5:23 pm-
Property ID A11757342
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Price $1,049,000
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Property Size 2612 Square Feet
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Year Built 1967
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Type Quadruplex
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Property Status Residential Income
Additional details
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ArchitecturalStyle Detached
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BuildingAreaTotal 2612
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BuildingAreaUnits Square Feet
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BuildingName CORAL RIDGE ISLES
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ConstructionMaterials Concrete Block Construction
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ContractStatusChangeDate 2025-02-24
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Cooling Wall/Window Unit(s)
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DaysOnMarket 167
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Directions Gross yearly income, $91,200 reassessing taxes & insurance the Cap rate is 5.42% & the NOI is $56,838. All offers would be reviewed and considered, owners are motivated, bring all offers.
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DocumentsAvailable Financial Statement
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Heating Other
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InternetAddressDisplayYN 1
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InternetAutomatedValuationDisplayYN 1
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InternetConsumerCommentYN 1
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InternetEntireListingDisplayYN 1
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ListAOR A-Miami Association of REALTORS
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ListAgentDirectPhone 305-409-3045
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ListAgentEmail alexpassiveincome2@gmail.com
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ListAgentFullName Alexis Lizama
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ListAgentKey 5f71d30145b4b7bbe5d217adbecb0586
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ListAgentMlsId 3438878
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ListAgentOfficePhone 954-963-1600
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ListAgentStateLicense 3438878
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ListOfficeFax 954-987-2478
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ListOfficeKey 11ef7d6b73797718ca3ce1b195b203d5
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ListOfficeMlsId CBRE37
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ListOfficeName Coldwell Banker Realty
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ListOfficePhone 954-963-1600
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ListingAgreement Exclusive Right To Sell
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ListingContractDate 2025-02-24
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ListingKey b1ae5120e5eafcd53a04e0764bed0b76
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ListingTerms All Cash,Owner Will Carry
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LotFeatures Less Than 1/4 Acre Lot
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LotSizeSquareFeet 0
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MLSAreaMajor Coral Ridge Isles
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MajorChangeTimestamp August 10, 2025 at 03:14pm
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MajorChangeType Price Decrease
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MlsStatus Active
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ModificationTimestamp August 10, 2025 at 03:14pm
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NumberOfUnitsInCommunity 1
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NumberOfUnitsTotal 4
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OnMarketDate 2025-02-24
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OriginalEntryTimestamp March 5, 2025 at 06:16pm
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OriginalListPrice 1200000
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OriginatingSystemID miamire
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OriginatingSystemKey miamire
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OriginatingSystemName Miami Association of REALTORS®
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OtherExpense 0
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ParcelNumber 494211061320
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ParkingTotal 8
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PhotosChangeTimestamp May 5, 2025 at 01:56pm
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PhotosCount 40
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Possession Rental Agreement
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PostalCodePlus4 6211
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PreviousListPrice 1124000
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PriceChangeTimestamp August 10, 2025 at 03:14pm
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PublicSurveyRange 49
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PublicSurveySection 11
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PublicSurveyTownship 49
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RentIncludes Gardener,Other Rent Incl,Pest Control,Trash Collection
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Roof Shingle
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Sewer Public Sewer
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ShowingContactType Agent
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ShowingInstructions Call Listing Agent
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SourceSystemKey 408106378
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StateOrProvince FL
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StatusChangeTimestamp March 5, 2025 at 06:16pm
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Stories 1
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StoriesTotal 1
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StreetDirPrefix NE
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StreetName 18th Ave
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StreetNumber 5861
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StreetNumberNumeric 5861
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StructureType Quadruplex,Fourplex
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SyndicationRemarks This offering presents a compelling investment opportunity to acquire a well-maintained four-unit multi-family property in the highly desirable Coral Ridge Isles neighborhood of Fort Lauderdale, Florida. This property delivers strong current income, coupled with significant long-term appreciation potential due to its prime location and attractive amenities. The building comprises two one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units, catering to a diverse tenant base. Property Highlights: Roof replacement in 2019. New, predominantly impact-resistant windows throughout. Tankless water heaters in three units. Free internet access provided by the owner. Private backyards for each unit. On-site laundry facilities for tenant convenience.
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TaxAnnualAmount 13928
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TaxLegalDescription CORAL RIDGE ISLES 45-47 B LOT 10 BLK 9
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TaxYear 2023
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YearBuiltDetails Unknown
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Zoning RMM-25
Features
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