• 1118 NW 31 Av Fort Lauderdale, FL 33311

  • $1,750,000
  • 1
    Bed(s)
  • 2
    Baths
  • 5,827
    Sq Ft

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 Type :

ResidentialIncome

Subdivision :

Roosevelt Gardens

County :

Broward County

Style :

ResidentialIncome

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Property Details

 

Interior Features

Roof : Flat

Roofing Information

Flat

Flooring Information

Tile

Heating & Cooling

Has Heating: Yes

Heating: Electric

Has Cooling: Yes

Cooling: CentralAir,WallWindowUnits

Building Information

Year Built: 1956

Building Area Total: 5827

Construction Materials : Block

Stories : 2

Pool Features : None

Private Pool : No

Property Information

Subdivision: ROOSEVELT GARDENS

Source Property Type: ResidentialIncome

MLS Area Minor: Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)

Postal Code Plus 4: 5640

Zoning Description: B-3

Property SubType: Quadruplex

Levels: Two

Property Age: 68

Listing Price Information

Original List Price: $1750000

Original List Price: $1750000

Cash,Conventional

Tax Information

Parcel Number: 494232070290

Tax Year: 2023

Annual Tax: $12467

Tax Legal Desc: ROOSEVELT GARDENS FIRST ADD 27-25 B LOT 30,31,LESS PT DESC AS, BEG AT NW COR LOT 30,ELY 20.4, SLY 20,SLY 60.03,WLY 20.25, NLY 80 TO POB & LE

Utility Information

CableNotAvailable

Location Information

Direction: From I-95 continue on Fl-838 w/w Sunrise Blvd. turn right onto NW 31st. Ave. the property will be on the east side of NW 31st. ave. between NW 12 st. and NW 11 st.

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1440 NW 20th St, Unit B, Fort Lauderdale, FL,33311 $349,998 3 1 1,167 4009 Sqft
404 NW 10th Ave, Fort Lauderdale, FL,33311 $550,000 -- -- 1,196 --
Washington Dr, Fort Lauderdale, FL,33311 $20 2 2 890 4620 Sqft
723 NW 15th Way, Fort Lauderdale, FL,33311 $380,000 4 1 -- 5500 Sqft
1808 NW 25th Ave, Fort Lauderdale, FL,33311 $349,999 3 1 682 6000 Sqft
10 NW 28th Way, Fort Lauderdale, FL,33311 $325,000 3 1 1,232 --
155 NW 30th Ter, Fort Lauderdale, FL,33311 $320,000 3 1 851 7202 Sqft
1221 NW 7th Ave, Fort Lauderdale, FL,33311 $425,000 3 1 913 6752 Sqft
NW 6th St, Fort Lauderdale, FL,33311 $275,000 -- -- -- 6325 Sqft
Residential Income, Fort Lauderdale, FL,33311 $600,000 -- -- 1,820 --

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2022 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 05/16/2024 @ 16:09

MLS: A11566600
LISTED BY: Issabella Silverstein, RE/MAX Advance Realty
SOURCE: SEFMIAMI
Buyer Agency Description: BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.

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