Fort Lauderdale Income-Producing
5901 NE 18th Ave Fort Lauderdale, FL 33334
5901 NE 18th Ave, Fort Lauderdale, FL, 33334
Contact for pricing
For Sale
Contact for pricing
Turnkey fourplex in Fort Lauderdale with strong rental potential.
Property Size2,673 SF
Price / SF$374.11
Days on Market69
Property Features for 5901 NE 18th Ave
General Information
- Standard status
- Active
- Size
- 2,673 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing Agency
Compass Florida, LLC
(954) 263-5234
Listed by
Joseph Iaciofano · License #3286424
Source
Crexi
Added: May 13 Updated: Jul 10 at 1:36 pm Checked: Jul 19 at 6:36 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida, LLC
Investment Insights
Based on property information with market context.
This fourplex is located in Fort Lauderdale and is an income-producing property. It features a total of four units, including two two-bedroom units and two one-bedroom units. The interiors have been updated with modern kitchens, renovated bathrooms, wood flooring, and impact windows throughout. A repaved parking lot provides ample parking for tenants and guests. The property has been professionally managed and well maintained. Extensive capital improvements have already been completed. The property size is 2673 square feet. The sister property located next door is also available for purchase, presenting an additional opportunity for expansion or portfolio growth. This multifamily property is suitable for investors seeking a stable, low-maintenance asset with strong rental potential.
Key Highlights
- Turnkey fourplex in the heart of Fort Lauderdale, offering immediate income and long‑term value.
- Professionally managed and well‑maintained, ensuring easy ownership and efficient operations.
- Updated interiors with modern kitchens, renovated bathrooms, wood flooring, and impact windows throughout.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.4k | $25.20 |
| − Vacancy | −$3.7k | −$1.39 |
| EGI | $63.7k | $23.81 |
| − OpEx | −$19.1k | −$7.14 |
| NOI | $44.6k | $16.67 |
2,673 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$636.5K
$557.0K – $742.6K
NOI $44,558 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$573.4K
$501.7K – $669.0K
NOI $40,139 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,738 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turnkey fourplex in Fort Lauderdale with strong rental potential.
Where is this quadplex located?
The property is located at 5901 NE 18th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Turnkey fourplex in the heart of Fort Lauderdale, offering immediate income and long‑term value.; Professionally managed and well‑maintained, ensuring easy ownership and efficient operations.; **Updated interiors with modern kitchens, renovated bathrooms, wood flooring, and impact windows throughout.**
