BEDS6
BATHS
SQUARE FEET2,466
MLS#TB8463899
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCORAL RIDGE ISLES 45-47 B
Property Description
Prime Fort Lauderdale Multifamily & Development Opportunity | 5861 NE 18th Ave.An exceptional opportunity to acquire a fully renovated, income-producing multifamily property in one of Fort Lauderdale's most desirable and rapidly appreciating neighborhoods. This 4-unit asset features a highly desirable unit mix of two (2) 2-bedroom/1-bath units and two (2) 1-bedroom/1-bath units, all completely renovated with modern finishes, making this a true turnkey investment.Designed for strong and stable cash flow, the property offers excellent ROI potential, supported by 8 on-site parking spaces-a rare and valuable amenity that enhances tenant demand and long-term value.What truly sets this property apart is its development upside. With air rights allowing up to three floors, this is an outstanding opportunity for developers looking to expand, redevelop, or maximize density in a high-demand Fort Lauderdale submarket. Whether your strategy is long-term hold, value-add redevelopment, or ground-up expansion, this asset checks every box.Located in a prime NE Fort Lauderdale area, close to major corridors, employment hubs, beaches, dining, and retail, this property benefits from strong rental demand and continued neighborhood growth.Highlights:4 Units: 2 ?? 2/1 & 2 ?? 1/1Fully renovated interiors throughout8 dedicated parking spacesStrong in-place income with upsideAir rights allowing up to 3 storiesIdeal for investors and developersExcellent location in a high-growth areaThis is a rare combination of immediate cash flow and future development potential-perfect for savvy investors looking to expand their portfolio and developers seeking their next strategic build in Fort Lauderdale.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.17 Acres
Roof Type: Shingle
Taxes: $13,928
Year Built: 1967
Amenities
Open Floorplan
Fence
Private Entrance
Private Yard
Storage
Feature Descriptions
Annual Net Income: 100000.00
Days on Site: 48
Directions: From I-95 (North or Southbound): Take Exit 33 for NE 62nd St/E Cypress Creek Rd.Head East: Continue east on NE 62nd St/E Cypress Creek Rd.Turn onto NE 18th Ave: Turn right onto NE 18th Ave.Arrive at Destination: Continue for approximately 1.5 miles. The d
Exterior: Block, Concrete
Flood Zone Code: AE
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.17
Other Equipment: Private Entrance, Private Yard
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Septic Tank
Showing Instructions: 24 Hour Notice, Appointment Only
Special Sale Provisions: None
Units: 4
Utilities: Electricity Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RMM-25
Listed By / Shown By
Listed By
Agency Name: MICHAEL SAUNDERS & COMPANY
Agency Contact: 727-472-1144
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 4,433.07 per month $2,893.24 Principal & Interest $1,160.67 Property Tax $379.17 Homeowner's InsuranceChange Payment Information
5861 NE 18th Avenue, Unit 1-4 | MLS# TB8463899
This multi-family property located at 5861 NE 18th Avenue, Unit 1-4, Fort Lauderdale, FL 33334 is currently listed for sale with an asking price of $1,300,000. Search Fort Lauderdale real estate on www.realtymark.net today.