1118 NW 31 Av Fort Lauderdale, FL 33311
5,827 SqFt
UPDATED:
10/19/2024 09:56 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,827 sqft
Price per Sqft $257
Subdivision Roosevelt Gardens
MLS Listing ID A11566600
Style Fourplex
Construction Status New Construction
HOA Y/N No
Year Built 1956
Annual Tax Amount $12,467
Tax Year 2023
Property Description
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.
Location
State FL
County Broward
Community Roosevelt Gardens
Area 3560
Direction From I-95 continue on Fl-838 w/w Sunrise Blvd. turn right onto NW 31st. Ave. the property will be on the east side of NW 31st. ave. between NW 12 st. and NW 11 st.
Interior
Heating Electric
Cooling Central Air, Wall/Window Unit(s)
Flooring Tile
Exterior
Pool None
Utilities Available Cable Not Available
Waterfront No
Roof Type Flat
Building
Story 2
Sewer Other
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status New Construction
Others
Tax ID 494232070290
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional