5861 18th Avenue, Fort Lauderdale, FL 33334

$1,200,000 — Active

Property Features

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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!

Property Details

  • Listing ID: A12104975
  • Status: Active
  • Listing Date: 2026-10-12
  • Property Type: Quadruplex
  • Subdivision: CORAL RIDGE ISLES
  • County: Broward
  • MLS Area: 3350
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: 2,612
  • Year Built: 1967

Financial

  • List Price: $1,200,000
  • HOA Fee: None
  • Taxes: $15,234/yr

Features & Amenities

  • Cooling: Wall/Window Unit(s)
  • Heating: None, Separate Meters
  • Flooring: Tile
  • Construction: Block, CBS
  • Roof: Shingle
  • Exterior Features: Lighting

Courtesy of Icon Realty Advisors LLC
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© 2026 Starfish Real Estate. Listings updated Oct 27, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.