824 NE 16TH Street
Fort Lauderdale, FL 33304

0 Days on Market

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.

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Listing Courtesy of: Inbal Ruiz
ruizinbal@gmail.com

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Principal and Interest
Property Taxes 1268
Condo Fees 0
Homeowners Insurance 614
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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 November 06, 2026 01:39 AM - ET

Property Last Updated: November 06, 2026 01:39 AM - ET