About this home
Exceptional prime investment opportunity in a highly desirable Fort Lauderdale location just steps from Wilton Manors and vibrant Wilton Drive. This well-maintained 8-unit multifamily property features spacious 2-bedroom, 1-bath units with large bedrooms, terrazzo floors, impact windows, and more. The property enjoys strong year-round occupancy and includes a common laundry area that generates additional income. Current leases do not include water, offering a new owner the opportunity to further increase revenue potential. Ideal for investors seeking flexibility, this property presents the opportunity to operate as a combination of short-term furnished rentals and long-term annual leases. Conveniently located just a few miles from the beach, shopping, dining, and major highways.
Listing last checked: Listing updated:
Listed by Rosy A Baron · Gibson Real Estate Services · MLS #B26031058
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Details at a glance
Interior3 property facts
- Heating
- Wall Furnace
- Cooling
- Ceiling Fan(s), Wall/Window Unit(s)
- Flooring
- Terrazzo, Tile, Wood
Building4 property facts
- Style
- Multi Family
- Year built
- 1970
- Parking
- 9
- Roof
- Flat, Tile
Land & utilities4 property facts
- Lot size
- 0.25 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- RDS-15
Financial3 property facts
- Annual taxes
- $25,363
- Assessment year
- 2025
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $2,450,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$14,502 / monthAdjust
- Principal & interest
- $12,389
- Property tax
- $2,114
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $25,363. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 806 NE 16th Place #1-8
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