Price Reduced 14.29%

$1,500,000 ($257.42 per sqft)

Est. Mortgage $7,783/mo *

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Price History

$1,750,000
4/12/2024

$1,698,000
5/8/2024

$1,750,000
5/13/2024

$1,500,000
6/4/2024

1118 NW 31 Av, Fort Lauderdale, FL, 33311

1118 NW 31 Av, Fort Lauderdale, FL, 33311
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1956

Fourplex

5,827 sqft

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.

Status:

Active

Type:

Multi-family

Zoning:

B-3

Subdivision:

ROOSEVELT GARDENS

Heating:

Electric

Cooling:

Central Air, Wall/Window Unit(s)

Est. Taxes:

$12,467

Construction

Block

Utilities

Cable Not Available

Days on Market:

190

Pool:

None

MLS #:

A11566600

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of RE/MAX Advance Realty Phone: 305-444-7111