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