Active

1118 NW 31st Ave

Fort Lauderdale FL, 33311

$1,950,000


$334.65 per sqft

Active

5,827 sqft

Commercial

Built in 1956

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.

A11347216

MLS ID

February 23, 2023

Listed

March 14, 2024

Updated

Map

1118 NW 31st Ave
Fort Lauderdale FL, 33311

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.38 Acres

Other Property Details

Taxes

$12,467


Tax Frequency

Annually


Days on Market

326


Garage

No


Parking Total

20


View

No


County

Broward County


Pool

No


Zoning

B-3


Buyer Agency Compensation

3%

Courtesy of RE/MAX Advance Realty with Issabella Silverstein, Debborah Prada
Listing Contact: 305-775-1148 

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

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Data last updated 6:23 PM UTC, 3/14/2024.

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