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.
Features
: 20
: Security Fence
Intracoastal Front,ocean Front
Address Map
FL
Broward County
Fort Lauderdale
33311
1118 NW 31st Ave
0
W81° 48' 49.1''
N26° 8' 18.9''
MLS Addon
: Concrete Block With Brick
193
: Sale
$12,467
B-3
Commercial Sale For Sale
1118 NW 31st Ave, Fort Lauderdale, Florida 33311
16,598 Sqft
$1,500,000
Listing ID #A11566588
Basic Details
Property Type : Commercial Sale
Property SubType : Income/multifamily
Listing Type : For Sale
Listing ID : A11566588
Price : $1,500,000
Year Built : 1956
Lot Area : 16,598 Sqft
Building Area : 5,827 Sqft
Status : Active
