Eric Miller
Cell: 954-383-8170
1118 Nw 31st Ave, Fort Lauderdale
$1,950,000
0 Bed
0 Bath
5,827 Sqft
0 Acre
0 Garage
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.
Essential Information
MLS® #A11357274
Price$1,950,000
Bathrooms0.00
Square Footage5,827
Acres0.00
Year Built1956
TypeResidential Income
Sub-TypeQuadruplex
StyleFourplex
StatusActive
Community Information
Address1118 Nw 31st Ave
Area3560
SubdivisionROOSEVELT GARDENS
CityFort Lauderdale
CountyBroward County
StateFL
Zip Code33311-5640
Amenities
UtilitiesCable Not Available
Interior
InteriorTile
HeatingElectric
# of Stories2
StoriesTwo
Cooling
Central Air, Wall/Window Unit(s)
Exterior
RoofFlat
ConstructionBlock
Additional Information
Date ListedMarch 15th, 2023
Days on Market16
Listing Details
Listing Courtesy ofRE/MAX Advance Realty
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