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1118 NW 31st Ave, Fort Lauderdale FL 33311

Commercial For Sale
$1,500,000

BTC: 15.38461538

ETH: 458.08380491

-$250K (2024/06/04)
223 days
Waterfront
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1956
Lot:
0.38 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data
All facts and features
  • Lot

    • Lot: 0.38 Acres

    Other Property Information

    • Parcel Number: 494232070290

    • Zoning: B-3

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $12,467

  • Source details

    • MLS ID: A11566588

    Other facts

    • Construction Materials: Concrete Block With Brick

    • Waterfront: Yes

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