2018-12-03
$1,950,000
1118 NW 31st AveFort Lauderdale, Florida FL33311-5640
StatusActive
CountyBroward County
Year Built1956
Property TypeCommercial Sale
Property Sub TypeMulti Family
Description
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.
County
Broward County
Property Sub Type
Multi Family
Property Type
Commercial Sale
Year Built
1956
Zoning
B-3
Building Area Total
5827
Construction Materials
Brick, Block
Lot Size Square Feet
16598
Parking Total
20
Structure Type
Multi Family
MLS Area Major
3070
Postal City
Fort Lauderdale
Days On Market Replication
96
Days On Market Replication Date
2023-05-30T00:00:00+00:00
Public Survey Section
32
Tax Legal Description
ROOSEVELT GARDENS FIRST ADD 27-25 B LOT 30,31,LESS PT DESC AS, BEG AT NW COR LOT 30,ELY 20.4, SLY 20,SLY 60.03,WLY 20.25, NLY 80 TO POB & LE
Year Built Details
Resale
Lease Considered
no
Listing Terms
Cash
Tax Annual Amount
12467
Tax Year
2022
© 2023 MIAMI Association of REALTORS® (MAOR). All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS's in the MIAMI Association of REALTORS® cooperative agreement: Broward, Palm Beaches & St. Lucie REALTORS® and the Miami Association of REALTORS®. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Information is deemed reliable but not guaranteed. Listing courtesy of RE/MAX Advance Realty. Data last updated Wednesday, June 7th, 2023 at 10:49:46 AM.
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