1118 NW 31st Ave, Fort Lauderdale, 33311
Buy
1118 NW 31st Ave, Fort Lauderdale, 33311
Quick Details
MLS #: A11566588
- 16598
- Lot sqft
- 1956
- Year Built
Description
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.
Address
Open on Google Maps- Address 1118 NW 31st Ave
- City Fort Lauderdale
- State/county Florida
- Zip/Postal Code 33311
- Area Broward County
Details
- MLS #: A11566588
- Price: $1,500,000
- Land Area: 16598 sqft
- Year Built: 1956
- Property Status: Buy
Listed by Issabella Silverstein · RE/MAX Advance Realty
- Updated on October 20, 2024 at 2:00 am
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