1118 Nw 31 Av

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.

Essential Information

MLS® #A11566600
Price$1,500,000
Bathrooms0.00
Square Footage5,827
Year Built1956
TypeResidential Income
Sub-TypeQuadruplex
StyleFourplex
StatusActive

Community Information

Address1118 Nw 31 Av
Area3560
SubdivisionROOSEVELT GARDENS
CityFort Lauderdale
CountyBroward County
StateFL
Zip Code33311-5640

Amenities

UtilitiesCable Not Available

Interior

InteriorTile
HeatingElectric
# of Stories2
StoriesTwo

Cooling

Central Air, Wall/Window Unit(s)

Exterior

RoofFlat
ConstructionBlock

Additional Information

Listing Courtesy ofRE/MAX Advance Realty
Date ListedApril 12th, 2024

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Price Change History for 1118 Nw 31 Av, Fort Lauderdale, FL (MLS® #A11566600)

Date	Details	Change
06/04/2024	Price Reduced from $1,750,000 to $1,500,000	$250,000 (14.29%)
05/13/2024	Price Increased from $1,698,000 to $1,750,000	$52,000 (3.06%)
05/08/2024	Price Reduced from $1,750,000 to $1,698,000	$52,000 (2.97%)

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