Commercial SaleIncome/MultiFamily333111118 NW 31st Ave, Fort Lauderdale FL 33311

1118 NW 31st Ave, Fort Lauderdale FL 33311

1118 NW 31st Ave, Fort Lauderdale FL 33311
$1,950,000
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    Basics

    • Date added: Added 1 year ago
    • Category:
    • Type:
    • Status:
    • Year built: 1956
    • County Or Parish: Broward County
    • DOM: 189
    • Lot Size Square Feet: 16598 sq ft
    • Lot Size Acres: 0.38 sq ft

    Description

    • 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 potencial 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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    Location

    • Parking Total: 20
    • Street Name: 31st Ave
    • Street Number: 1118
    • State: FL
    • Province: FL
    • Zip / Postal Code: 33311

    Building Details

    • Building Area Total: 5827 sq ft
    • Year Built Details: Resale
    • Security Features: Security Fence
    • Construction Materials: Concrete Block With Brick

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