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+17 photosLuxury home — 5861 NE 18th Avenue · Coral Ridge Isles · Fort Lauderdale
$1,200,000
5861 NE 18th Avenue, Fort Lauderdale, FL 33334
Fort Lauderdale, FL, 33334
— bd · 0 ba · 2,612 sqft
Listed by Icon Realty Advisors LLC
5861 NE 18th Avenue, Fort Lauderdale, FL 33334
Listed by Icon Realty Advisors LLC
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Estimated monthly payment
$8,670/mo
Income & expenses
4 units| Building totals | Monthly | Annual |
|---|---|---|
| Gross rental income | $7,700 | $92,400 |
| Operating expenses (est.) | $2,470 | $29,640 |
| Net operating income (est.) | $5,230 | $62,760 |
Expenses include estimated taxes, insurance, HOA and the 10% vacancy, repairs and management allowance. Loan payments are separate.
Yearly rent
$92,400
Property taxes after sale
$14,400
Florida average estimate
Insurance estimate
$6,000
South Florida average insurance estimate
Cap rate — optimistic
6.00%
NOI $72,000/yr
Rent minus taxes, insurance and HOA.
Cap rate — conservative
5.23%
NOI $62,760/yr
Also minus 10% for vacancy, repairs and management.
Cash flow with a loan
Conservative net operating income minus a 30-year loan payment at the price tested above.
Rent figures come from the listing. Taxes are estimated at the tested price, since Florida taxes reset on sale. Planning estimate only, not a quote. Actual premiums depend on roof age, wind mitigation, flood zone, claims history and the carrier. Verify all income and expenses with the seller's rent roll before writing an offer. Estimate only, not guaranteed. Verify before you buy or sell.
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $8,670/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesPRIME TURNKEY INVESTMENT IN CORAL RIDGE ISLES! Exceptional opportunity to own a fully occupied, income-producing fourplex in one of Fort Lauderdale's highly desirable neighborhoods. Generating $7,700 in monthly gross income and $92,400 annually, this meticulously maintained property features all four units occupied with signed lease agreements, providing immediate rental income from day one. Extensively renovated with major improvements already completed, including a newer roof (2020), private patios for each unit (2023), impact windows (2024), tankless water heaters (2024), renovated kitchens and bathrooms (2024), commercial Speed Queen washer and dryer (2024), replaced main sewer line (2025), and resurfaced parking lot (2026). Additional upgrades include exterior lighting and hurricane protection. Ideally situated in Coral Ridge Isles, less than 10 minutes from the beach, Downtown Fort Lauderdale, Pompano Beach, parks, schools, supermarkets, shopping, dining, and entertainment. With extensive upgrades, established rental income, and minimal maintenance requirements, this property offers the perfect combination of location, convenience, and investment potential. Whether you're expanding your portfolio or acquiring your first multifamily investment, this is an opportunity you don't want to miss! Owner financing available!
Property Details
Your costs (est.)
≈ $8,670/mo
5861 NE 18th Avenue, Fort Lauderdale, FL 33334 · Fort Lauderdale
Location
5861 NE 18th Avenue, Fort Lauderdale, FL 33334
What buyers ask about this home
What are the estimated monthly carrying costs at 5861 NE 18th Avenue, Fort Lauderdale, FL 33334?+
Property tax (after sale): $2,000/month est.; homeowners insurance: $443/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $2,444/month est. Principal and interest: $6,227/month; PMI: $0/month. Total for the payment scenario shown: $8,670/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 5861 NE 18th Avenue, Fort Lauderdale, FL 33334?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 5861 NE 18th Avenue, Fort Lauderdale, FL 33334 need flood insurance, and what drives the premium?+
Most of Fort Lauderdale sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 5861 NE 18th Avenue, Fort Lauderdale, FL 33334?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 5861 NE 18th Avenue, Fort Lauderdale, FL 33334?+
This listing has been on the market 30 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Fort Lauderdale. Venice of America — 165+ miles of navigable waterways, Las Olas dining, and easy I-95 / Brightline access.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Floranada Elementary School
Elementary · 0.8 mi from this home · 5251 Ne 14Th Way, Fort Lauderdale
James S. Rickards Middle School
Middle school · 0.7 mi from this home · 6000 Ne 9Th Ave, Oakland Park
Zone boundaries published by Broward County Public Schools.
Other options for this address
Shepherd Of The Coast Lutheran School
Elementary · Private · Christian · Grades K–8 · Fort Lauderdale
New Generation Montessori Children'S Academy
Elementary · Private · Grades PK–PK · Pompano Beach
Edith Robinson Christian Academy
High school · Private · Christian · Grades 9–12 · Fort Lauderdale
ST. Thomas Aquinas High School
High school · Private · Catholic · Grades 9–12 · Fort Lauderdale
Millennium Leadership Christian Academy Inc
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Parkland
Lighthouse Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades 4–12 · Oakland Park
Ameribelge Center For Education
Pre-K & Kindergarten · Private · Grades PK–11 · Fort Lauderdale
Rhema Word Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades K–12 · Fort Lauderdale
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
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