824 NE 16TH ST, Fort Lauderdale, FL 33304
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824 NE 16TH ST, Fort Lauderdale, FL 33304
824 NE 16TH ST, Fort Lauderdale, FL 33304
824 NE 16TH ST, Fort Lauderdale, FL 33304
824 NE 16TH ST, Fort Lauderdale, FL 33304
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George Khoury

George Khoury

+1(954) 684-2205
$ 1,229,000
Est. payment /mo
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824 NE 16TH ST Fort Lauderdale, FL 33304

3,344 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,344 sqft

Price per Sqft $367

MLS Listing ID B26096945

HOA Y/N No

Year Built 1970

Annual Tax Amount $15,221

Tax Year 2025

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Multi Family

Property Description

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.

Location

State FL

County Broward

Area 3370

Zoning RS-8

Interior

Interior Features InteriorFeatures

Heating Electric, Wall Furnace

Cooling Electric, Wall/Window Unit(s)

Flooring Tile, Wood

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available

Water Access Desc Public

Roof Type Composition,Shingle

Accessibility None

Road Frontage City Street

Total Parking Spaces 12

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Water Public

Structure Type Brick,CBS (Concrete Block Structure),Block

Others

Tax ID 494235041000

Security Features None,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/824-NE-16TH-Street-Fort-Lauderdale-FL-33304/unbranded

BeachesMLS, Inc. (FLR) IDX
Listed by Inbal Ruiz Inbal Ruiz
George Khoury
George Khoury

Broker License ID: 3250741

+1(954) 684-2205 | george@gkpremier.com

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824 NE 16TH ST