Basic Information

  • MLS # A11566600
  • Type Quadruplex
  • Status Active
  • Subdivision/Complex Roosevelt Gardens
  • Year Built 1956
  • Total Sqft 5,827
  • Date Listed 04/12/2024
  • Days on Market 436
Description

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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Roof Description Flat
  • Style Quadruplex

Interior Features

  • Adjusted Sqft 5,827Sq.Ft
  • Cooling Description Central Air, Wall Window Units
  • Floor Description Tile
  • Heating Description Electric
  • Sqft 5,827 Sq.Ft

Property Features

  • Address 1118 NW 31st Ave
  • Aprox. Lot Size 5,827
  • Architectural Style Fourplex
  • City Fort Lauderdale
  • Construction Materials Block
  • County Broward
  • Furnished Info no
  • Levels Two
  • Listing Terms Cash, Conventional
  • Occupant Type Call Agent
  • Pool Features None
  • Possession Closing And Funding
  • Postal City Fort Lauderdale
  • Public Survey Section Two
  • Roof Flat
  • Sewer Description Other
  • Stories 2
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info Roosevelt Gardens
  • Tax Amount $12,467
  • Tax Legal desc R O O S E V E L T G A R D E N S F I R S T A D D27-25 B L O T30,31, L E S S P T D E S C A S, B E G A T N W C O R L O T30, E L Y20.4, S L Y20, S L Y60.03, W L Y20.25, N L Y80 T O P O B& L E
  • Tax Year 2023
  • Terms Considered Cash, Conventional
  • Type of Property Quadruplex
  • Year Built Details New Construction

1118 NW 31st Ave

Fort Lauderdale, FL 33311

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX Advance Realty. tel: 305-444-7111

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