SQUARE FEET3,344
MLS#B26096945
STATUSActive
PROPERTY TYPECommercial - Business
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.
Property Features
Property Type: Commercial - Business
Cooling: Electric, Wall/Window Unit(s)
Heating: Electric, Window/Wall
Lot Size: 0.22 Acres
Roof Type: Composition, Shingle
Stories: 1.0
Taxes: $15,221
Year Built: 1970
Feature Descriptions
Days on Site: 2
Exterior: Brick, CBS
Flooring: Tile, Wood
Parcel#: 494235041000
Security: Smoke Detector(s), None
Sewer: Public Sewer
Units: 5
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Water: Public
Listed By / Shown By
Listed By
Agency Name: Inbal Ruiz
Agency Phone: 954-246-4123
Shown By
Agent Name: Leslie Russell Associate Broker/Consultant
Agent Phone: Cell: (215) 694-9169
Agency Title: RealtyMark
Leslie Russell Associate Broker/Consultant
Office: (215) 376-4444 ext. 318
Cell: (215) 694-9169
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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 lrussell.realtymark.net today.