5861 NE 18th Ave
Fort Lauderdale, FL 33334
$1,200,000
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!
| Listing ID: | A12104975 |
|---|---|
| List Price: | $1,200,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Half: | 0 |
| Living Area: | 2,612 |
| Tax Annual Amount: | $15,234 |
| Architectural Style: | Attached, Ranch |
| Waterfront?: | No |
| City: | Fort Lauderdale |
| County Or Parish: | Broward County |
| Subdivision Name: | Coral Ridge Isles,Coral Ridge Isles |
| Postal Code: | 33334 |
| Year Built: | 1967 |
| Number Of Units Total: | 4 |
| Building Name: | CORAL RIDGE ISLES |
| Cooling: | Wall/Window Unit(s) |
| Exterior Features: | Exterior Lights |
| Fencing: | Fenced |
| Flooring: | Tile |
| Heating: | None |
| Listing Contract Date: | 2026-10-12 |
| Lot Features: | Less Than 1/4 Acre Lot |
| Status: | Active |
| Parking Total: | 9 |
| Postal Code Plus4: | 6211 |
| Sewer: | Public Sewer |
| State Or Province: | FL |
| Stories: | 1 |
| Water Source: | Municipal Water |
| Building Area Total: | 2612 |
| Building Area Units: | Square Feet |
| Building Features: | Laundry Facility |
| Construction Materials: | Concrete Block Construction, CBS Construction |
| Cooling?: | Yes |
| Door Features: | High Impact Doors |
| Inclusions: | None |
| Listing Terms: | All Cash, Conventional, FHA, Owner Will Carry |
| Living Area Units: | Square Feet |
| Lot Size Units: | Square Feet |
| MLS Area Major: | Coral Ridge Isles |
| Number Of Units In Community: | 4 |
| Original List Price: | $1,200,000 |
| Parcel Number: | 494211061320 |
| Possession: | Funding |
| Public Survey Range: | 49 |
| Public Survey Section: | 11 |
| Public Survey Township: | 49 |
| Rent Includes: | Gardener, Sewer, Trash Collection, Water |
| Roof: | Shingle |
| Stories Total: | 1 |
| Structure Type: | Quadruplex, Fourplex |
| Tax Year: | 2025 |
| Window Features: | Clear Impact Glass, Partial Impact Glass, Partial Panel Shutters/Awnings, High Impact Windows, Impact Glass |
| Year Built Details: | Resale |
| Zoning: | RMM-25 |
| Adjusted Area Sf: | 2,612 |
| AreaMiamire Area: | 3350 |
| Lp Amt Sq Ft: | $459.42 |
| Ok To Advertise ListMiamire Ok To Advertise List: | No |
| Ratio Current Price By Sqft: | $459.42 |
| StyleMiamire Style: | Fourplex |
| Type Of AssociationMiamire Typeof Association: | None |
Listing Courtesy of: Icon Realty Advisors LLC
954-821-1777
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Copyright 2026 MIAMI REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
MIAMI REALTORS® MLS data last updated on October 15, 2026 03:15 PM - ET
Property Last Updated: October 15, 2026 03:15 PM - ET
