5861 NE 18th Avenue, Fort Lauderdale, FL 33334

$1,200,000
Property Type: Residential Income Square Footage: 2,612 Status: Active
Current Price: $1,200,000 List Date: 10/12/2026 Last Modified: 10/12/2026

Overview

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 ...

Listing Details MLS# A12104975

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
2612
Living Area Main
2612
Adjusted Area Main
2612
Year Built
1967
Parking Total
9
Stories Total
Yes
Pool Private YN
No

Property Features

Documents Available: Investment Analysis; Other Available Information Exterior Features: Lighting Fencing: Fenced Flooring: Tile Property Condition: Resale Structure Type: Multi Family Construction Materials: Block; CBS Cooling: Wall/Window Unit(s) Heating: Separate Meters; None Laundry Features: Outside Listing Terms: Cash; Conventional; FHA; Owner Will Carry Possession: Close Of Escrow; Negotiable Roof: Shingle Sewer: Public Sewer Tax Information: City/County Utilities: Cable Not Available Water Access: None Water Source: Public Showing Requirements: Call Listing Agent Unit 1 Appliances: Microwave; Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 1 Rooms: Family Room; Kitchen Unit 2 Appliances: Microwave; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 3 Appliances: Microwave; Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Unit 4 Appliances: Microwave; Range; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Parking Space

Contract Information

Comp Sale YN
No
Original List Price
1200000

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
5861
Street Direction Prefix
NE
Street Name
18th
Street Suffix
Avenue
City Name
Fort Lauderdale
State Or Province
FL
Postal Code
33334
Postal Code +4
6211
Postal Zip
33334
Subdivision Name
CORAL RIDGE ISLES
Development Name
Coral Ridge Isles
Area
3350
Geographic Area
FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Elementary School
Floranada
Middle Or Junior School
James S. Rickards
High School
Northeast
Parcel Number
494211061320
Subdivision Number
6
Zoning
RMM-25
Flood Zone
AE

Financial Information

Tax Annual Amount
15234
Tax Year
2025
Tax Legal Description
CORAL RIDGE ISLES 45-47 B LOT 10 BLK 9

Status Change Information

Major Change Timestamp
2026-10-12T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-10-12

More Information

Income and Expenses

Gross Income
7550

Storm Protection

Impact Glass
Partial
Panel Shutters
Partial

Unit 1 Details

Actual Rent
2350
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 1 Lease Description

Currently Leased YN
Yes

Unit 2 Details

Actual Rent
2000
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 2 Lease Description

Currently Leased YN
Yes

Unit 3 Details

Actual Rent
1600
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 3 Lease Description

Currently Leased YN
Yes

Unit 4 Details

Actual Rent
1600
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 4 Lease Description

Currently Leased YN
Yes

Price Calculations

Current Price To SqFt
459.41

Section Details

Parcel Number MLX
1320

Originating Details

Originating System Key
566727240
Originating System ID
M00000151
IDX
Listing Office: Icon Realty Advisors LLC
Source MLS Verified
Last Updated: October - 12 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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