5951 18Th AveFort Lauderdale, FL 33334

Property Details for 5951 18Th Ave

Year built

1963

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.2028

Longitude

-80.1233

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