5861 Ne 18th Avenue, Fort Lauderdale, FL

$1,200,000

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2,612

Square feet

About 5861 Ne 18th Avenue

PRIME TURNKEY INVESTMENT IN CORAL RIDGE ISLES! Exceptional opportunity to own a fully occupied, income-producing fourplex in one of Fort Lauderdale's highly desirable neighborhoods. Generating $7,700 in monthly gross income and $92,400 annually, this meticulously maintained property features all four units occupied with signed lease agreements, providing immediate rental income from day one. Extensively renovated with major improvements already completed, including a newer roof (2020), private patios for each unit (2023), impact windows (2024), tankless water heaters (2024), renovated kitchens and bathrooms (2024), commercial Speed Queen washer and dryer (2024), replaced main sewer line (2025), and resurfaced parking lot (2026). Additional upgrades include exterior lighting and hurricane protection. Ideally situated in Coral Ridge Isles, less than 10 minutes from the beach, Downtown Fort Lauderdale, Pompano Beach, parks, schools, supermarkets, shopping, dining, and entertainment. With extensive upgrades, established rental income, and minimal maintenance requirements, this property offers the perfect combination of location, convenience, and investment potential. Whether you're expanding your portfolio or acquiring your first multifamily investment, this is an opportunity you don't want to miss! Owner financing available!

Features of 5861 Ne 18th Avenue

MLS® # A12104975
Price $1,200,000
Square Footage 2,612
Year Built 1967
Type Multi-Family
Sub-Type Quadruplex
Status New

Community Information

Address 5861 Ne 18th Avenue
Area 3350
Subdivision CORAL RIDGE ISLES
City Fort Lauderdale
County Broward
State FL
Zip Code 33334
HOPA No Hopa

Amenities

Utilities Cable Not Available
Is Waterfront No
Waterfront None
Has Pool No

Interior

Heating None, Separate Meters
Cooling Wall/Window Unit(s)
# of Stories 1

Exterior

Exterior Features Lighting
Roof Shingle
Construction Block, CBS

School Information

Elementary Floranada
Middle James S. Rickards
High Northeast

Additional Information

Zoning RMM-25
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeIcon Realty Advisors LLC

Listing Map

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