$1,200,000
 $6,442 est/mo Sourced by Back At You

5861 NE 18th Avenue,Fort Lauderdale, FL 33334

Fort Lauderdale, FL 33334

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Description

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!

Details

MLS #A12104975
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1967
Days On Site12
Listing Provided ByIcon Realty Advisors LLC | Oliver Kevin Bautista

Features

SQ Feet2,612
Story(s)1
Units4
ZoningRMM-25

Taxes

Tax Annual Amount15234

Area Information

StateFL
CountyBroward
CityFort Lauderdale
Zip Code33334
Area3350
SubareaFTNE Ft Lauderdale NE (3240 3270;3350 3380;3440 3450;3700)
Community NameCORAL RIDGE ISLES
Listing VS Median (in CORAL RIDGE ISLES)
Price:
$1,200,000
low | high
Med:
$630,000
97.5% of Average
sqft:
2,612
low | high
Med:
1,774
82.08269525268% of Average
$ / sqft:
$459
low | high
Med:
$355
72.700112739572% of Average
On site:
12
low | high
Med:
122
9.83606557377% of Average
Sourced by Back At You

Market Activity 33334

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Learn More About This Property

StateFL
CountyBroward
CityFort Lauderdale
Zip Code33334
Area3350
SubareaFTNE Ft Lauderdale NE (3240 3270;3350 3380;3440 3450;3700)
Community NameCORAL RIDGE ISLES
Listing VS Median (in CORAL RIDGE ISLES)
Price:
$1,200,000
low | high
Med:
$630,000
97.5% of Average
sqft:
2,612
low | high
Med:
1,774
82.08269525268% of Average
$ / sqft:
$459
low | high
Med:
$355
72.700112739572% of Average
On site:
12
low | high
Med:
122
9.83606557377% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $900K - $1.5M
sqft: 1,500 - 3,000
Listing Updated: October 12, 2026 at 4:20:02 PM PDT
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