824 NE 16TH Street, Fort Lauderdale FL 33304 | Broward County | B26096945
- $1,229,000
- $1,229,000
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.
Have a question about this Fort Lauderdale listing?
Talk directly with Christopher Lazaro, your Fort Lauderdale real estate advisor. No pressure — real answers.
This listing is courtesy of Inbal Ruiz.
Listing data courtesy of MIAMI Association of REALTORS (RAPB/GFLR) via Bridge Interactive. Copyright SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.
Address
Open on Google Maps-
Address: 16TH
-
City: Fort Lauderdale
-
Zip/Postal Code: 33304
Details
Updated on November 7, 2026 at 11:37 am-
Property ID B26096945
-
Price $1,229,000
-
Bathroom 0
-
Year Built 1970
-
Property Status Active, Commercial Sale
Additional details
-
Cooling Electric, Wall/Window Unit(s)
-
Heating Electric, Window/Wall
-
Tax Year 2025
-
Flooring Tile, Wood
-
Listing Terms All Cash, Conventional, Exchange
-
Total Stories 1
-
Waterfront No
-
Association No
-
Private Pool No
-
Structure Type Multi Family
-
Annual Tax 15221
-
Building Area 3344
-
Lot Size (Sq Ft) 9759
-
New Construction No
-
Construction Brick, CBS Construction
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees