5901 NE 18th Ave
For sale5901 NE 18th Ave, Fort Lauderdale, FL 33334
Property type
Multifamily
Unit / Space count
4
Price
$895,000
Cap Rate
5.18%
Building size
2,673 SF
Year built
1962
Occupancy
100%
Stories
1
APN
494211061280
Zoning code
RMM-25
Lot size
0.17 acres
Number of buildings
1
Unit mix
2 1br, 2 2br
Property description
Introducing a prime investment opportunity in Fort Lauderdale, this multifamily property offers a 2,673 square foot building comprised of 4 residential units, all currently at full occupancy. Originally constructed in 1962 and zoned RMM-25, the property provides an attractive combination of established character, manageable scale, and a desirable location within the Fort Lauderdale market. With a strong rental history and 100% occupancy, the property offers investors an established income stream and an opportunity to capitalize on continued demand for well located multifamily housing. As a 4-unit property, the asset may also qualify for residential financing programs, potentially providing investors with access to more favorable financing terms and a broader range of lending options than traditionally available for larger multifamily properties. This financing flexibility can enhance the property's appeal to both experienced investors and owner-occupants seeking an income-producing acquisition. Don't miss the opportunity to add this established, income-producing property to your investment portfolio. Whether you're a seasoned multifamily investor or exploring your first investment, this asset offers a compelling combination of location, full occupancy, manageable scale, and potential financing advantages, making it an attractive opportunity for long-term ownership in Fort Lauderdale.
Property highlights
- Opportunity To Acquire A Fully Occupied, Turnkey, Cash-Flowing 4-Unit Multifamily Asset In The Heart Of The Coral Ridge Isles Neighborhood Of Fort Lauderdale
- Asset Consists Of (1) Single-Story Building On A 0.17 Acre Lot
- Property Qualifies For Residential Financing
- Adjacent Sister Property (5911) Available As Well
- Diverse Unit Mix Consisting Of (2) 1 Bed 1 Bath Units And (2) 2 Bed 1 Bath Units, Appealing To Variety Of Renters
- All Units Are Spacious And Recently Renovated With Modern Layouts, Providing Strong Tenant Appeal And Retention
- Strong Historical Occupancy With Resilient Rental Demand
- Property Features PVC Plumbing, Impact Windows, Central Air Conditioning, And Updated Electric Panels
- Prime Coral Ridge Isles Location On NE 18th Ave Within Walking Distance To Numerous Retailers, Groceries, Healthcare Facilities, Schools, Restaurants, Offices, Etc.
- Located On NE 18th Ave Just South Of Cypress Creek Road Providing Easy Access To Anywhere In Broward County Via I-95 And Florida’s Turnpike