5861 NE 18TH AVE #1-4 Fort Lauderdale, FL 33334
6 Beds
6 Baths
2,466 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,466 sqft
Price per Sqft $567
Subdivision Coral Ridge Isles 45-47 B
MLS Listing ID TB8463899
Bedrooms 6
HOA Y/N No
Year Built 1967
Annual Tax Amount $13,928
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
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 × 1/1
Fully renovated interiors throughout
8 dedicated parking spaces
Strong in-place income with upside
Air rights allowing up to 3 stories
Ideal for investors and developers
Excellent location in a high-growth area
This 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.
Location
State FL
County Broward
Community Coral Ridge Isles 45-47 B
Area 33334 - Fort Lauderdale
Zoning RMM-25
Interior
Interior Features Open Floorplan
Heating Central, Electric
Cooling Central Air
Fireplace false
Laundry Common Area
Exterior
Exterior Feature Fence, Private Entrance, Private Yard, Storage
Utilities Available Electricity Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Septic Tank
Water Public
Structure Type Block,Concrete
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8463899
