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:
$1,500,000
MLS #:
A11566588
Status:
Active
Beds:
0
Baths:
0
Address:
1118 NW 31st Ave
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Fort Lauderdale
Listed Date:
Apr 9, 2024
State:
FL
Finished Sq Ft:
5,827
Total Sq Ft:
5,827
ZIP:
33311
Lot Size:
16,598 sqft / 0.38 acres (approx)
Year Built:
1956
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
More About CENTURYMortgage Calculator
Schools
Interior
Exterior
Construction Materials
Concrete Block With Brick
Parking Spots
20
Financial
Taxes
$12,467
Map
Community
- Address1118 NW 31st Ave Fort Lauderdale FL
- CityFort Lauderdale
- CountyBroward County
- Zip Code33311
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