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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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5861 NE 18th Ave , Fort Lauderdale, FL 33334
$1,200,000
Est. Payment: $6,406.26/mo
6 Bed
4 Bath
2612 Sqft
Status: active | Days on site: 21
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House Description

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!

Highlights

Listed by Oliver Bautista , 954-821-1777 Icon Realty Advisors LLC , 954-951-4266. REALTOR Association of Greater Miami and the Beach

Property Type

Multi-Family

Year Built

1967

County

Broward

Area

3350

Neighborhood

Coral Ridge Isles

Listing ID

A12104975

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:4
Air Cond:Wall/Window Unit(s)
Fireplaces:
Floor:Tile
Water:Public

Exterior Features

Lot:Flood Zone,< 1/4 Acre
Garage Capacity:9
Zoning:RMM-25
Roof:Shingle
Others:
  • ▪ Additional:Fence, Security/High Impact Doors, Lighting, Storm/Security Shutters
Sewer:Public Sewer
Principal Interest
$6,406
Taxes
$1,270

Home Price

$1,200,000

Loan Details

30 yrs
7.03%

Down Payment

20%
$240,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,406.26

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,406.26 $1,269.50 $0.00 $7,675.76
Yearly $76,875.09 $15,234.00 $0.00 $92,109.09
Total $2,306,252.75 $457,020.00 $0.00 $2,763,272.75

Today's Rates

30 Year

7.03%

20 Year

6.92%

15 Year

6.45%

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Market insight data is pulled from the same city as the listing being viewed (Fort Lauderdale, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR Association of Greater Miami and the Beach, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-02T13:07:58.000Z

© 2026 REALTOR Association of Greater Miami and the Beach