5861 NE 18th Ave, Fort Lauderdale, FL 33334

Description of 5861 NE 18th Ave, Fort Lauderdale, FL 33334

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!

Property Details for 5861 NE 18th Ave, Fort Lauderdale, FL 33334

Flooring

Tile

Heating

None

Cooling

Wall/Window Unit(s)

Architectural Style

Attached, Ranch

Pool Private

No

Year Built Details

Resale

Building Information for 5861 NE 18th Ave, Fort Lauderdale, FL 33334

Building Name

CORAL RIDGE ISLES

Building Area Total

2612

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Property Information for 5861 NE 18th Ave, Fort Lauderdale, FL 33334

Lot Features

Less Than 1/4 Acre Lot

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, CBS Construction

Roof

Shingle

Exterior Features

Exterior Lights

Sewer

Public Sewer

Water Source

Municipal Water

New Construction

No

Public Records for 5861 NE 18th Ave, Fort Lauderdale, FL 33334

Parcel Number

494211061320

Tax Annual Amount

$15,234

Tax Year

2025

Tax Legal Description

CORAL RIDGE ISLES 45-47 B LOT 10 BLK 9

Zoning

RMM-25

County Or Parish

Broward County

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