5861 NE 18th Ave
Fort Lauderdale, FL, 33334
$
1,200,000
Bedrooms2
Baths1.0
Sq
2,612
Monthly Estimate*
$
8,288
for $1,200,000 with 2 bedrooms and 1 full bath. This 2,612 square foot home was built in 1967.
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!
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Features
General
Sewer
Public Sewer
Heating
None
Cooling
Wall/Window Unit(s)
Utilities
Cable Not Available
Possession
Closing & Funding
Close Of Escrow
Roof
Shingle
Architectural Style
Fourplex
Pool Features
None
Construction Materials
CBSConcreteBlockStructure
Block
Year Built
1967
Stories Count
1
Levels
One
Property Subtype
Quadruplex
Tax Year
2025
Community Features
Laundry Facilities
County
Broward
Property Type
Residential Income
Subdivision Name
CORAL RIDGE ISLES
Rent Includes
Gardener
Sewer
Trash Collection
Water
Full Baths
1
Special Listing Conditions
Listed As-Is
Status
Active
City
Fort Lauderdale
Zoning Description
RMM-25
Number Of Units Total
1
MLS Area
3350
Lot Size Units
Square Feet
Listing Terms
Cash
Conventional
FHA
Owner May Carry
Year Built Details
Resale
Tax Annual Amount
15234
MLS Area Minor
Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Standard Status
Active
Occupancy Type
Tenant
Property Sub Type Additional
Quadruplex
Legal Description
CORAL RIDGE ISLES 45-47 B LOT 10 BLK 9
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Interior
Flooring
Tile
Air Conditioning Y/N
true
Heating Y/N
false
Window Features
Impact Glass
Half Baths
0
Total Bedrooms
2
Total Baths
0
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Exterior
Exterior Amenities
Fence
Security/High Impact Doors
Lighting
Storm/Security Shutters
Lot Features
Flood Zone
< 1/4 Acre
Water Source
Public
Total Parking
9
Spa
false
Building Area Total
2612
Waterfront Y/N
false
Covered Spaces
0
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* Excluded Features
List By
Icon Realty Advisors Llc
Broker
oliver.kbautista@gmail.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $8,288
- Monthly Property Taxes
- $1,270
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Multi-family listings in Fort Lauderdale, FL
Average List Price
$1,054,177
Percent of Sale Price
12%
About Fort Lauderdale, FL
179,497
Population
6%
Since 2002
$
58,187
Median Income
44.09
Median Age
18%
Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338
Elementary School
4827337
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
10/12/2026
|
$1,200,000
|
|
Listed Price
|