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1118 Nw 31st Ave, Fort Lauderdale, FL – $1,500,000

  • $1.5M Price
  • .38 Acres
  • 173 DOM
  • $1.5M Price
  • .38 Acres
  • 173 DOM

1118 Nw 31st Ave

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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Essential Information

  • MLS® #A11566588
  • Price$1,500,000
  • Bathrooms0.00
  • Acres0.38
  • Year Built1956
  • TypeCommercial
  • Sub-TypeMulti Family
  • StatusActive

Community Information

  • Address1118 Nw 31st Ave
  • Area3070
  • CityFort Lauderdale
  • CountyBroward
  • StateFL
  • Zip Code33311-5640

Amenities

  • WaterfrontCanal Access

Exterior

  • ConstructionBrick, Block

Additional Information

  • Listing Courtesy ofRE/MAX Advance Realty
  • Date ListedApril 12th, 2024
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Price Change History for 1118 Nw 31st Ave, Fort Lauderdale, FL (MLS® #A11566588)

Date Details Change
Price Reduced from $1,750,000 to $1,500,000 $250,000 (14.29%)