1118 NW 31st Ave, Fort Lauderdale, Florida 33311
MLS#: A11566588
$1,500,000 USD
Listed By RE/MAX Advance Realty
The Commercial Property for Sale located at Fort Lauderdale, Florida 33311 is currently for sale. Fort Lauderdale, Florida 33311 is listed for $1,500,000. This property has Total Parking features. If the property located at Fort Lauderdale, Florida 33311 isn't what you're looking for, visit https://www.sfpropertysearch.com to see other Commercial Properties for Sale in Fort Lauderdale .
Date Updated : Jun 4, 2024
Property features
Key features
- Total Parking
Construction details
- Year built: 1956
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.
Location
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.