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Roosevelt Gardens

$1,500,000

1118 NW 31 Av, Fort Lauderdale, FL 33311

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Last Updated: 08/15/2024

5,827 sqft

Building Size

2

Units

Details:
Building Size:    5,827 sqft
Units:    2
Year Built:    1956
Floors:    2
Gross Leaseable Area:    5,827
Highlights:
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Documents Available: Other Available Information
  • Architectural Style: Other
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Electric
  • Flooring: Tile
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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