1118 NW 31st Ave Fort Lauderdale FL 33311 MLS #A11566588

1118 NW 31st Ave
Fort Lauderdale, FL, 33311
$1,500,000
Beds
0 Baths
5,827 SqFt
0.38 Acres
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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.

Property Details

Price:
$1,500,000
MLS #:
A11566588
Status:
Active
Beds:
0
Baths:
0
Address:
1118 NW 31st Ave
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Fort Lauderdale
Listed Date:
Apr 9, 2024
State:
FL
Finished Sq Ft:
5,827
Total Sq Ft:
5,827
ZIP:
33311
Lot Size:
16,598 sqft / 0.38 acres (approx)
Year Built:
1956
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CENTURY 21 Carioti

CENTURY 21 Carioti

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Concrete Block With Brick
Parking Spots
20

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$12,467

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Courtesy of RE/MAX Advance Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
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1118 NW 31st Ave
Fort Lauderdale, FL