806 NE 16th Place 1 8 Fort Lauderdale FL

Address
806 Ne 16th Place 1-8, Fort Lauderdale, FL
Price
$ 2,450,000
Property Attributes
  • MLS#B26031058
  • TypeSingle Family
  • Listing Status Active
  • CountyBroward
  • CityFort Lauderdale
  • Area3370
  • Zip
  • Style
  • Year Built1970
  • Taxes$ 25362
  • Price$ 2,450,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6606
  • Lot Size0.25 Acres
Data Source:
Beaches MLS (FL)
Property Description

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.

Price History
5/20/2026 Listed $2,450,000

General Features

Sewer PublicSewer
Heating WallFurnace
Cooling CeilingFans,WallWindowUnits
Utilities ElectricityAvailable,Other,SewerConnected,WaterConnected
Possession CloseOfEscrow
Roof Flat,Tile
Security Features GatedCommunity,None
Construction Materials Stucco
Year Built 1970
Electric Other
Tenant Pays Electricity,Other,Water
Stories Count 2
Levels Two
Unit Number 1-8
Property Subtype MultiFamily
Tax Year 2025
Gross Income 153000
Business Type Rental
Community Features LaundryFacilities
Building Name 806
Accessibility None
County Broward
New Construction false
Property Type CommercialSale
Building Features Other
Status Active
Directions SUNRISE BLVD, TO NE 4TH AVE GO NORTH, THEN ON NE 16TH STREET GO EAST, THEN LEFT ON NE 8TH AVE, THEN RIGHT ON NE 16TH PL. PROPERTY ON THE RIGHT.
City Fort Lauderdale
Disclosures OwnerIsListingAgent
Number Of Units Total 8
MLS Area 3370
Tax Annual Amount 25362.83
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/806-NE-16th-Place-Unit-18-Fort-Lauderdale-FL/unbranded
Standard Status Active
Occupancy Type Tenant
Ownership Type LimitedPartnership
Property Sub Type Additional MultiFamily
PostalCity Fort Lauderdale
Legal Description LAUDERDALE PARK 6-33 1/2 B LOT 7,8 BLK 6

Interior Features

Flooring Terrazzo,Tile,Wood
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true

Exterior Features

Fencing BackYard,Fenced,Gate,Privacy,Wood
Parking Features Assigned
Lot Features CityLot,InteriorLot,SprinklerSystem
Water Source Public
Total Parking 9
Lot Size Area 10997
Number of Buildings 1
Building Area Total 6606
Lot Size Acres 0.25
Road Surface Type Asphalt
Road Frontage Type CityStreet
Road Responsibility PublicMaintainedRoad

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in

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