$1,500,000
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1118 NW 31st Ave Fort Lauderdale, FL 33311
Multi-Family
Residence
Beds
Baths
5,827
Sq. Ft.
0.38
Acre
Lot
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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.
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MLS#
A11566588
Property Type
Multi-Family
Year Built
1956
Square Feet
5,827
sq. ft
Lot Size
0.38
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