Florida
Fort Lauderdale
1118 NW 31 Av

$1,500,000

1118 NW 31 Av, Fort Lauderdale, FL 33311

5,827 sqft

Multi-Family Home
Built in 1956
—— sqft lot
—— car garage
$257/sqft
Listed 1 year ago

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.

Listing Status:: Active
Date Added:: April 12, 2024 at 05:00AM
Listing Office:: RE/MAX Advance Realty : 305-444-7111
Listing Agent:: Issabella Silverstein : 305-775-1148
MLS ID:: A11566600

Flooring: Tile
A/C: Central AirWall/Window Unit(s)
Heating: Electric

This listing courtesy of Issabella Silverstein, RE/MAX Advance Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Larkdale Elementary School

3250 NW 12th Pl, Lauderhill, FL, 33311

Grades PK-5

0.25 miles away

Wingate Oaks Center

1211 NW 33rd Ter, Lauderhill, FL, 33311

Grades PK-12

0.33 miles away

Wingate Oaks Center

1211 NW 33rd Ter, Lauderhill, FL, 33311

Grades PK-12

0.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.