Property
| Ownership: | Fee Simple |
|---|---|
| Type: | Unknown |
| Bedrooms: | 6 BR |
| Bathrooms: | 6 |
| Lot Size: | 0.2 Acres |
Financials
Price:$1,299,999
Annual Taxes:$13,928
Listing Courtesy of MICHAEL SAUNDERS & COMPANY
Prime Fort Lauderdale Multifamily House Hack Opportunity 5861 NE 18th Ave An exceptional opportunity to acquire a fully renovated, income producing 4 unit property in one of Fort Lauderdale s ...
Description
Prime Fort Lauderdale Multifamily & House Hack Opportunity | 5861 NE 18th Ave
An exceptional opportunity to acquire a fully renovated, income-producing 4-unit property in one of Fort Lauderdale’s most desirable and rapidly appreciating neighborhoods. Featuring a highly sought-after unit mix of two (2) 2-bedroom/1-bath units and two (2) 1-bedroom/1-bath units, this turnkey asset offers both immediate cash flow and long-term upside.
What makes this property especially compelling is the rare “live-in-one, rent-the-rest” opportunity—ideal for an owner-occupant looking to significantly offset or potentially cover their mortgage by collecting income from the remaining three units. It’s a powerful strategy for building wealth while living on-site.
All units have been thoughtfully renovated in 2025 with modern finishes, complemented by major capital improvements that provide peace of mind and reduced maintenance for years to come. The property also features on-site laundry facilities, creating an additional income stream for the owner.
Significant upgrades include:
Roof replaced (2020)
Hurricane impact windows installed (2025)
Tankless water heaters installed (2025)
Full interior renovations to all units (2025)
New patios added (2024)
Exterior lighting and parking lot improvements (2020)
Parking lot resurfaced with 8 spaces (2026)
Newer window A/C units (2020–2026)
Designed for strong and stable returns, the property offers 8 dedicated parking spaces, a rare and valuable amenity that enhances tenant demand and overall asset value.
Beyond its current performance, the property presents excellent development potential, with air rights allowing for up to three stories—ideal for investors or developers seeking to expand, increase density, or reimagine the site in a high-demand submarket.
Situated in a prime Northeast Fort Lauderdale location, the property is just minutes from beaches, major roadways, dining, retail, and key employment hubs—supporting continued rental demand and long-term appreciation.
Highlights:
4 Units: 2 × 2BR/1BA & 2 × 1BR/1BA
Fully renovated, turnkey condition
Opportunity to live in one unit and offset mortgage with rental income
Additional income from on-site laundry
8 on-site parking spaces
Extensive recent capital improvements
Air rights up to 3 stories (development upside)
Prime location in a high-growth area
This is a rare opportunity to secure a cash-flowing asset with lifestyle flexibility and future development potential—perfect for both investors and owner-occupants looking to maximize returns in Fort Lauderdale.
Amenities
- Electricity Connected
- Fence
- Open Floorplan
- Private Entrance
- Private yard
- Storage
- Water Connected
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.