For Sale
1118 31st Ave, Fort Lauderdale, Florida 33311
$1,500,000
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.
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Details
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Property Type: Commercial
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Property SubType: Multi Family
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Listing Type: For Sale
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Listing ID: A11566588
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Price: $1,500,000
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View: Intercoastal,ocean,pool
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Bedrooms: 0
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Bathrooms: 0
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Half Bathrooms: 0
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Square Footage: 0 Sqft
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Year Built: 1956
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Status: Active
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Original Property Type: Commercial Sale
Features
Location
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Country US
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State FL
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County Broward
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City Fort Lauderdale
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Zipcode 33311
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Neighborhood: Fort Lauderdale
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Street: 31st Ave
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Street Number: 1118
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Floor Number: 0
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Longitude: W81° 45' 12.4''
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Latitude: N25° 46' 59.6''
Additional Info
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UnBranded Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11566588
