$1,500,000

1118 NW 31st Ave, Fort Lauderdale, FL 33311, US

Summary

Style: Multi Family
Year Built: 1956

Moving Quotes

primary photo for 1118 NW 31st Ave, Fort Lauderdale, FL 33311, US

Remarks

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.

Details

MLS#: A11566588
Price: $1,500,000

Style: Multi Family
Year Built: 1956

County: Broward
Tax Fee: 12467

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Broker Contact


RE/MAX Advance Realty
Outstanding Agents. Outstanding Results.
5796 Sunset Dr.
Miami, FL, 33143
US
RE/MAX Advance
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Information is believed to be accurate but should not be relied upon without verification.
Data Provided by MIAMI Association of REALTORS®
Last updated: 2024-10-19T05:55:28.000-04:00.
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