About 1118 Nw 31 Av
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.
Features of 1118 Nw 31 Av
| MLS® # | A11566600 |
|---|---|
| Price | $1,750,000 |
| Square Footage | 5,827 |
| Year Built | 1956 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Fourplex |
| Status | Active |
Community Information
| Address | 1118 Nw 31 Av |
|---|---|
| Area | 3560 |
| Subdivision | ROOSEVELT GARDENS |
| City | Fort Lauderdale |
| County | Broward County |
| State | FL |
| Zip Code | 33311-5640 |
Amenities
| Utilities | Cable Not Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Flooring | Tile |
|---|---|
| Heating | Electric |
| Cooling | Central Air, Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Roof | Flat |
|---|---|
| Construction | Block |
| Sewer | Other |
Additional Information
| Date Listed | April 12th, 2024 |
|---|---|
| Days on Market | 34 |
| Zoning Description | B-3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Rent Includes | Sewer,Water |
| Year Built Details | New Construction |
| Tax Annual Amount | $12,467 |
| Tax Year | 2023 |
Unit 1 Details
| Baths | 1.00 |
|---|---|
| Rent | $1,300 |
| Features | Parking:Open Parking, Automatic Garage Door Opener |
Unit 2 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,500 |
| Features | Parking:Open Parking, Automatic Garage Door Opener |
Listing Details
| Office | RE/MAX Advance Realty |
|---|