$1,500,000
31st Ave

1118 NW 31st Ave, Fort Lauderdale FL 33311

Beds

Baths

SQFT 16,598

Garage

68 Years Built

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Home Details

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.

Other Interior Features

Heating
Appliances
Living Area - SqFt
Inside
Total - SqFt
16598

General

MLS#
A11566588
Architectural Style
Bathroom Features
Living Area - SqFt
Construction Materials
Concrete Block With Brick
Window Features
Total - SqFt
16598

Neighbourhood

BROWARD PARK
LAUDERDALE MANORS ADD
WESTWOOD PARK SEC 5

Location

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.

Schedule Visit

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