$1,500,000
1118 NW 31st Ave Fort Lauderdale, FL 33311
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,500,000
Est. payment /mo
5,827 SqFt
UPDATED:
10/19/2024 09:55 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,827 sqft
Price per Sqft $257
MLS Listing ID A11566588
Construction Status Resale
HOA Y/N No
Year Built 1956
Annual Tax Amount $12,467
Lot Size 0.380 Acres
Acres 0.38
Property 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.
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.
Location
State FL
County Broward
Area 3070
Exterior
Waterfront Description Canal Access
Total Parking Spaces 20
Building
Structure Type Brick,Block
Construction Status Resale
Others
Tax ID 494232070290
Security Features Fenced
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Listed by RE/MAX Advance Realty
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Jaky Quelle
Broker Associate | License ID: BK3283887
Broker Associate License ID: BK3283887