Fort Lauderdale, FL 806 NE 16th Place 1-8
$2,450,000
16 more
Presented By: Gibson Real Estate Services
SQFT • 6,606
Home Details
Exceptional prime investment opportunity in a highly desirable Fort Lauderdale location just steps from Wilton Manors and vibrant Wilton Drive. This well-maintained 8-unit multifamily property features spacious 2-bedroom, 1-bath units with large bedrooms, terrazzo floors, impact windows, and more. The property enjoys strong year-round occupancy and includes a common laundry area that generates additional income. Current leases do not include water, offering a new owner the opportunity to further increase revenue potential. Ideal for investors seeking flexibility, this property presents the opportunity to operate as a combination of short-term furnished rentals and long-term annual leases. Conveniently located just a few miles from the beach, shopping, dining, and major highways.
Presented By: Gibson Real Estate Services
Interior Features for 806 NE 16th Place 1-8
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTerrazzo, Tile, Wood
Heating Y/NYes
Total Stories2
General for 806 NE 16th Place 1-8
AccessibilityNone
Building FeaturesOther
Building Name806
Business TypeRental
CityFort Lauderdale
Community FeaturesLaundryFacilities
Construction MaterialsStucco
CoolingCeilingFans, WallWindowUnits
CountyBroward
DirectionsSUNRISE BLVD, TO NE 4TH AVE GO NORTH, THEN ON NE 16TH STREET GO EAST, THEN LEFT ON NE 8TH AVE, THEN RIGHT ON NE 16TH PL. PROPERTY ON THE RIGHT.
DisclosuresOwnerIsListingAgent
ElectricOther
Gross Income153000
HOA Fee$
HeatingWallFurnace
Legal DescriptionLAUDERDALE PARK 6-33 1/2 B LOT 7, 8 BLK 6
LevelsTwo
MLS Area3370
New ConstructionNo
Number Of Units Total8
Occupancy TypeTenant
Ownership TypeLimitedPartnership
PossessionCloseOfEscrow
PostalCityFort Lauderdale
Property ConditionResale
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
RoofFlat, Tile
Security FeaturesGatedCommunity, None
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount25362.83
Tax Year2025
Tenant PaysElectricity, Other, Water
Unit Number1-8
UtilitiesElectricityAvailable, Other, SewerConnected, WaterConnected
Virtual TourClick here
Year Built1970
Exterior for 806 NE 16th Place 1-8
Building Area Total6606
FencingBackYard, Fenced, Gate, Privacy, Wood
Lot FeaturesCityLot, InteriorLot, SprinklerSystem
Lot Size Acres0.25
Lot Size Area10997
Number of Buildings1
Parking FeaturesAssigned
Road Frontage TypeCityStreet
Road ResponsibilityPublicMaintainedRoad
Road Surface TypeAsphalt
Total Parking9
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Delma Arlington
Realtor®
