1118 NW 31ST AVE
FORT LAUDERDALE, FL 33311
$1,750,000
N/A Beds
0 Baths
5,827 Sq Ft
Status Active
MLS# A11566588
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 for 1118 NW 31ST AVE
Built in 1956
$300 / Sq Ft
20 parking spaces
41 Days on website
0.38 acres lot
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
RE/MAX Advance Realty, 305-444-7111
6:08am UTC- 5/23/2024
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Area Information for 1118 NW 31ST AVE
