21
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$1,500,000
Est. payment /mo
5,827 SqFt
Active
1118 NW 31st Ave Fort Lauderdale, FL 33311
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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
Listed by RE/MAX Advance Realty