5861 NE 18th Avenue
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!
| List Price: | $1,200,000 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Living Area: | 2,612 |
| Tax Annual Amount: | $15,234 |
| Waterfront?: | No |
| Subdivision: | Coral Ridge Isles |
| Year Built: | 1967 |
| Basement Yn: | No |
| Construction Materials: | CBSConcreteBlockStructure, Block |
| Cooling: | WallWindowUnits |
| Elementary School: | Floranada |
| Exterior Features: | Lighting |
| Fencing: | Fenced |
| Heating: | None, SeparateMeters |
| High School: | Northeast |
| Listing Contract Date: | 2026-10-12 |
| Middle Or Junior School: | James S. Rickards |
| MLS Area Major: | 3350 |
| Mobile Dim Units: | Feet |
| Number Of Units In Community: | 4 |
| Original List Price: | $1,200,000 |
| Parcel Number: | 494211061320 |
| Parking Total: | 9 |
| Possession: | CloseOfEscrow, Negotiable |
| Postal City: | Fort Lauderdale |
| Property Condition: | Resale |
| Roof: | Shingle |
| Sewer: | PublicSewer |
| Stories Total: | 1 |
| Tax Year: | 2025 |
| Current Price: | $1,200,000.00 |
| Country Subdivision: | 12011 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:12011:494211061320 |
| Listing Id: | A12104975 |
|---|---|
| Property Sub Type: | Quadruplex |
| City: | Fort Lauderdale |
| County Or Parish: | Broward |
| Postal Code: | 33334 |
| Number Of Units Total: | 4 |
| Building Area Total: | 2612.0 |
| Cooling?: | Yes |
| Flooring: | Tile |
| Gross Income: | $7,550 |
| Laundry Features: | Outside |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, Conventional, FHA, OwnerWillCarry |
| MLS Area Minor: | Ftne - Ft Lauderdale Ne (3240-3270;3350-3380;3440-3450;3700) |
| Postal Code Plus4: | 6211 |
| State Or Province: | FL |
| Utilities: | CableNotAvailable |
| Waterfront Features: | None |
| Water Source: | Public |
| Zoning: | RMM-25 |
| Property Sub Type Additional: | Quadruplex |
| List Office National Association Id: | 0 |
| Record Signature: | -1,449,068,724 |
Listing Courtesy of: Icon Realty Advisors LLC
Listing Agent: Oliver Bautista
954-821-1777
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 BeachesMLS, Inc. All rights reserved.
BeachesMLS data last updated on October 13, 2026 04:00 AM - ET
Property Last Updated: October 13, 2026 04:00 AM - ET
