You are browsing as a guest. Register to access key data for free.
Property profile

5951 18Th Ave Fort Lauderdale, FL 33334

OFF-MARKET
Apartment buildings
View Sample
Built 1963

Property summary

AI-generated overview

This exceptional three-unit apartment building, situated in the desirable Coral Ridge Isles neighborhood of Fort Lauderdale, Florida, presents a compelling investment opportunity. Built in 1963, this single-story triplex boasts three individual units, each featuring its own private backyard, in-unit washer and dryer, and a separate main entrance. Two units are currently occupied by long-term tenants, providing immediate and stable rental income, while a third unit has recently been leased. Each unit also benefits from individual circuit panels, ensuring efficient utility management. Ample parking is available with six spaces provided for tenant convenience. The property's roof was replaced in 2020, demonstrating proactive maintenance and reducing potential future expenses. Its prime location offers easy access to pristine beaches, a vibrant array of shopping and dining options, and major highways, making it highly attractive to renters. This well-maintained property, with its strong rental history and desirable location, represents a solid addition to any investment portfolio seeking consistent cash flow in a thriving rental market. The asking price for this turnkey investment is $850,000. The property is located at 5951 NE 18th Ave, Fort Lauderdale, FL 33334, in Broward County.

Property profile

Verified
Property type Apartment buildings
Year built 1963

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5951 18Th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message