824 16TH ,Multi Family for Sale & Rent

824 16TH for Sale & Rent

Price $1,229,000.00

• Lot size 9759
• Year Build 1970
• Waterfront
• Zip 33304
• Style
• Parking Description
• Pool Yes
• Status Active

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.

LAUDERDALE PARK 6-33 1/2 B LOT 1,2,3 BLK 8

Less Than 1/4 Acre Lot, Less Than 1 Acre

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.

City:Fort Lauderdale,Roof:1:Composition Roll,2:Shingle,Sewer:1:Public Sewer,2:Other,3:Public Sanitation,4:Sewer,Zoning:RS-8,Cooling:1:Wall/Window Unit(s),Country:United States,Heating:1:Window/Wall,List A O R:BeachesMLS,Stories:1,Tax Year:2025,Flooring:1:Wood,Latitude:26.147432,Cooling Y N:1,Heating Y N:1,List Price:1229000,Listing Id:B26096945,Longitude:-80.1350017,Mls Status:Active,Utilities:1:Electricity Connected,2:Sewer Connected,3:Water Connected,4:Cable Available,5:Electricity Available,6:Sewer Available,7:Water Available,Year Built:1970,Postal Code:33304,Street Name:16TH,Coordinates:1:26.147432,Lot Features:1:Less Than 1 Acre,Photos Count:21,Listing Terms:1:Conventional,2:Exchange,Lot Size Acres:0.224,Lot Size Units:Square Feet,M I A M I R E_ Area:3370,On Market Date:2026-11-05,Parcel Number:494235041000,Parking Total:12,Property Type:Commercial Sale,Stories Total:1,Street Number:824,Street Suffix:Street,Public Remarks: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.,County Or Parish:Broward County,Documents Count:2,Expiration Date:2027-11-05,List Office Name:Inbal Ruiz,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4820,Property Sub Type:Multi Family,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:15221,Unparsed Address:824 NE 16TH Street, Fort Lauderdale FL 33304,Listing Agreement:Exclusive Agency,M I A M I R E_ Blogging:1,Road Frontage Type:1:City,Security Features:1:Smoke Alarm,2:Smoke Detector(s),3:Smoke Detector,4:No Security,Building Area Total:3344,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:9759,M I A M I R E_ Num Floors:1,M I A M I R E_ Num Meters:1,Original List Price:1229000,Documents Available:1:Owner Managed,I D X Participation Y N:1,M I A M I R E_ Num Tenants:5,M I A M I R E_ Num Toilets:7,Number Of Units Total:5,Syndication Remarks: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.,Listing Contract Date:2026-11-05,Originating System I D:miamire,Showing Instructions:24 Hour Notice,Call Listing Agent,Elect Lockbox-Call List Agent,Street Number Numeric:824,Tax Legal Description:LAUDERDALE PARK 6-33 1/2 B LOT 1,2,3 BLK 8,Electric On Property Y N:1,M I A M I R E_ Current Price:1229000,Construction Materials:1:CBS Construction,M I A M I R E_ Total Mortgage:580000,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700),M I A M I R E_ Parcel Number M L X:4942,Contract Status Change Date:2026-11-05,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:5,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Subdivision Number:4,M I A M I R E_ Acreage Description:1/4 Acre Or Less,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Parking Space Number:12,M I A M I R E_ Agent Alternate Phone:786-991-6115,M I A M I R E_ Approx Sqft Total Area:9759,M I A M I R E_ Property Description:MULTIFAMILY 2-9 UNITS,Internet Entire Listing Display Y N:1,M I A M I R E_ Dade Market Amt Assessed Amt:798290,Internet Automated Valuation Display Y N:1,