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.
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.
Property Details
Price:
$1,750,000
MLS #:
A11566600
Status:
Active
Beds:
0
Baths:
0
Address:
1118 NW 31 Av
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
ROOSEVELT GARDENS
City:
Fort Lauderdale
Listed Date:
Apr 12, 2024
State:
FL
Finished Sq Ft:
5,827
ZIP:
33311
Year Built:
1956
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Schools
Interior
Cooling
Central Air, Wall/ Window Unit(s)
Flooring
Tile
Heating
Electric
Exterior
Architectural Style
Other
Roof
Flat Roof With Facade Front
Financial
Buyer Agent Compensation
2%%
Tax Year
2023
Taxes
$12,467
Map
Community
- Address1118 NW 31 Av Fort Lauderdale FL
- CityFort Lauderdale
- CountyBroward County
- Zip Code33311
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