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$1,229,000
1 Day On Site
824 NE 16TH StreetFort Lauderdale, FL 33304
For Sale|Multi Family|Active
0
Beds
0
Total Baths
3,344
SqFt
$368
/SqFt
1970
Built
County:
Broward
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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.
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Listing Snapshot
Price
$1,229,000
Days On Site
1 Day
Bedrooms
N/A
Inside Area (SqFt)
3,344 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.22 Acres
Year Built
1970
MLS Number
B26096945
Status
Active
Property Tax
$15,221.59
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Other
Friends & Family
Recent Activity
| yesterday | Listing first seen on site | |
| yesterday | Listing updated with changes from the MLS |
General Features
Acres
0.22
Number Of Stories
1
Parking Spaces
12
Property Sub Type
Multi Family
Security
Smoke Detector(s)
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
3344
Utilities
Cable AvailableElectricity AvailableSewer AvailableWater Available
Water Source
Public
Zoning
RS-8
Interior Features
Cooling
ElectricWall/Window Unit(s)
Flooring
TileWood
Heating
ElectricWall Furnace
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Exterior Features
Construction Details
BrickBlock
Road Frontage
City Street
Roof
CompositionShingle
Community Features
MLS Area
3370
Financing Terms Available
CashConventional1031 Exchange
Listing courtesy of Inbal Ruiz
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. (a Flex MLS feed)
Last checked: 2026-11-06 07:19 PM UTC
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. (a Flex MLS feed)
Last checked: 2026-11-06 07:19 PM UTC
Neighborhood & Commute
Source: Walkscore
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