1118 NW 31ST AVE
FORT LAUDERDALE, FL 33311

$1,750,000

N/A Beds

0 Baths

5,827 Sq Ft

Status Active

MLS# A11566600

14 APARTMENTS +BONUS (4 MAYBE POSSIBLE ADDITIONAL APARTMENTS) Investment Opportunity, multifamily, Airbnb, Motel. 16 units (14 studios, 2 one bedrooms) + bonus. (4 shell condition studios with plumbing). Renovated, impact windows, new roof, etc. Minimum potential income as Multifamily: 14 studios $1,300 month = $218,400 YEAR / 2 one bedrooms $1,500 month = $36,000 YEAR. Minus expenses: $35,000 YEAR. Total NOI: $219,400 YEAR. Equal 11.2% Cap. Rate.

Details for 1118 NW 31ST AVE

Built in 1956

$300 / Sq Ft

Central Air,Wall/Window Unit(s)

Electric

38 Days on website

Interior

Flooring

Tile

Living Area

5,827 SqFt.

Building And Construction

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1956

Exterior And Lot

Lot Size Units

Square Feet

Parking Total

Utilities

Cooling

Central Air, Wall/Window Unit(s)

Heating

Electric

Area And Schools

City

Fort Lauderdale

County Or Parish

Broward County

Subdivision Name

Roosevelt Gardens

Financial Info

Buyer Agency Compensation^*

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$12,467.00

Tax Year

2023

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Office

RE/MAX Advance Realty, 305-444-7111

Updated

5:41am UTC- 5/20/2024

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