GREAT INCOME-PRODUCING INVESTMENT OPPORTUNITY IN FORT LAUDERDALE! Well-maintained 5-unit multifamily property generating $9,150 in monthly rental income and $109,800 annually! Featuring one 2-bedroom/2-bathroom unit and four 1-bedroom/1-bathroom units. Each unit includes 2 parking spaces. Four of the five units have been updated. Newer roof. New electrical panels completed in 2026. Currently owner-managed with an estimated 6.11% cap rate. Excellent opportunity to acquire a strong income-producing asset in a desirable Fort Lauderdale location.

Based on information submitted to BeachesMLS as of November 6, 2026 1:48 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Tax Information

Tax Legal Description LAUDERDALE PARK 6-33 1/2 B LOT 1, 2, 3 BLK 8
Tax Year 2025
Taxes$15,221

Building

Building ConstructionBrick, CBS (Concrete Block Structure), Block
Units5
Year Built1970

Interior

Flooring Tile, Wood

Property Information

Acreage0.22
Lot Features < 1/4 Acre
Occupant Type Tenant
Property Sub Type Additional Multi Family

Legal

Parcel Number 494235041000
Universal Parcel Id urn:reso:upi:2.0:US:12011:494235041000

Parking

Parking Total 12

Location

Address824 NE 16th Street
Area3370
Building Number824
CountyBroward
StateFL
StreetNE 16th Street
TownFort Lauderdale
Zip33304

Exterior

RoofComposition, Shingle

Amenities

Cooling Electric, Wall/Window Unit(s)
Cooling YN Yes
Security Features Smoke Detector(s)

Water Body

Water AccessPublic

Basic Information

List Price$1,229,000
BeachesMLSB26096945
Modification Date11/05/2026
Property SubTypeMulti Family
Property TypeCommercial Sale
StatusActive
Virtual TourView Tour

Utilities

Electric Other
Heat SystemElectric, Wall Furnace
Heating YN Yes
Utilities Cable Available, Electricity Available, Sewer Available, Water Available
Waste Water DisposalPublic Sewer

Other

Date Listed11/05/2026
Documents Available Ground Photo, Lease, Rent Rolls, Survey
Possession Close Of Escrow
Special Listing Conditions Standard
View Count1

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Amo Realty - Florida