806 NE 16th Place 1-8, Fort Lauderdale, FL 33305 — MLS photo

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806 NE 16th Place 1-8, Fort Lauderdale, FL 33305

Active · MultiFamily

$2,450,000

806 NE 16th Place 1-8, Fort Lauderdale, FL 33305

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1970
Lot size
10,997 sq ft
HOA fee
—
Annual tax
$25,362

About this property

Exceptional prime investment opportunity in a highly desirable Fort Lauderdale location just steps from Wilton Manors and vibrant Wilton Drive. This well-maintained 8-unit multifamily property features spacious 2-bedroom, 1-bath units with large bedrooms, terrazzo floors, impact windows, and more. The property enjoys strong year-round occupancy and includes a common laundry area that generates additional income. Current leases do not include water, offering a new owner the opportunity to further increase revenue potential. Ideal for investors seeking flexibility, this property presents the opportunity to operate as a combination of short-term furnished rentals and long-term annual leases. Conveniently located just a few miles from the beach, shopping, dining, and major highways.

Property location

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806 NE 16th Place 1-8, Fort Lauderdale, FL 33305

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Facts & features

Interior

Bathrooms
0
Flooring
Hardwood, Terrazzo, Tile, Wood
Cooling
Ceiling Fans, Wall Window Units
Heating
Wall Furnace

Exterior & Structure

Property type
MultiFamily
Year built
1970
Stories
2
Lot size
10,997 sq ft
Roof
Flat, Tile
Construction
Stucco
Exterior features
Fence

Parking

Covered spaces
0
Parking features
Assigned

HOA, Community & Financials

Association fee
$0
Fee inclusions
Maintenance Grounds, Sewer, Water
Annual tax
$25,362
County
Broward
Days on market
143
MLS listing ID
B26031058
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$3,029

Cap rate
4.2%
Net yield
4.2%
Cash-on-cash return
-5.3%
Gross yield
6.6%
Mortgage payment
$11,614/mo
Down payment
$612,500
Loan amount
$1,837,500
Annual NOI
$103,018

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.