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1118 NW 31st Ave

$1,500,000

1118 NW 31st Ave, Fort Lauderdale, FL 33311

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Last Updated: 08/15/2024

5,827 sqft

Building Size

1956

Year Built

Details:
Building Size:    5,827 sqft
Year Built:    1956
Parking Spots:    20
Highlights:
  • Construction Materials: Concrete Block With Brick
  • Security Features: Security Fence
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.

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