Property Description

Prime Fort Lauderdale Multifamily & Development Opportunity | 5861 NE 18th Ave.An exceptional opportunity to acquire a fully renovated, income-producing multifamily property in one of Fort Lauderdale's most desirable and rapidly appreciating neighborhoods. This 4-unit asset features a highly desirable unit mix of two (2) 2-bedroom/1-bath units and two (2) 1-bedroom/1-bath units, all completely renovated with modern finishes, making this a true turnkey investment.Designed for strong and stable cash flow, the property offers excellent ROI potential, supported by 8 on-site parking spaces-a rare and valuable amenity that enhances tenant demand and long-term value.What truly sets this property apart is its development upside. With air rights allowing up to three floors, this is an outstanding opportunity for developers looking to expand, redevelop, or maximize density in a high-demand Fort Lauderdale submarket. Whether your strategy is long-term hold, value-add redevelopment, or ground-up expansion, this asset checks every box.Located in a prime NE Fort Lauderdale area, close to major corridors, employment hubs, beaches, dining, and retail, this property benefits from strong rental demand and continued neighborhood growth.Highlights:4 Units: 2 ?? 2/1 & 2 ?? 1/1Fully renovated interiors throughout8 dedicated parking spacesStrong in-place income with upsideAir rights allowing up to 3 storiesIdeal for investors and developersExcellent location in a high-growth areaThis is a rare combination of immediate cash flow and future development potential-perfect for savvy investors looking to expand their portfolio and developers seeking their next strategic build in Fort Lauderdale.

Property Features