1118 31st Ave , for Sale

1118 31st Ave for Sale

Price $1,500,000.00

• Lot size 16598
• Year Build 1956
• Waterfront Canal Width 1-80 Feet
• Zip 33311
• Style
• Parking Description
• Pool Yes
• Status Active

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.

Please call or text Debbie 305-484-3355 Issabella 305-775-1148.

ROOSEVELT GARDENS FIRST ADD 27-25 B LOT 30,31,LESS PT DESC AS, BEG AT NW COR LOT 30,ELY 20.4, SLY 20,SLY 60.03,WLY 20.25, NLY 80 TO POB & LE

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.

City:Fort Lauderdale,Zoning:B-3,List A O R:A-Miami Association of REALTORS,Latitude:26.1385925,List Price:1500000,Listing Id:A11566588,Longitude:-80.1863749,Mls Status:Active,Year Built:1956,Postal Code:33311,Street Name:31st Ave,Coordinates:1:26.1385925,Photos Count:21,Business Type:1:Residential-Multi-Family,Days On Market:193,Lot Size Acres:0.38,Lot Size Units:Square Feet,M I A M I R E_ Area:3070,On Market Date:2024-04-09,Parcel Number:494232070290,Parking Total:20,Property Type:Commercial Sale,Street Number:1118,Waterfront Y N:1,Public Remarks: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.,County Or Parish:Broward County,List Office Name:RE/MAX Advance Realty,Private Remarks:Please call or text Debbie 305-484-3355 Issabella 305-775-1148.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:5640,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:12467,Unparsed Address:1118 NW 31st Ave, Fort Lauderdale FL 33311,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:5827,Building Area Units:Square Feet,Lot Size Square Feet:16598,Original List Price:1750000,Previous List Price:1750000,Public Survey Range:49,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2024-04-09,Originating System I D:miamire,Public Survey Section:32,Street Number Numeric:1118,Tax Legal Description:ROOSEVELT GARDENS FIRST ADD 27-25 B LOT 30,31,LESS PT DESC AS, BEG AT NW COR LOT 30,ELY 20.4, SLY 20,SLY 60.03,WLY 20.25, NLY 80 TO POB & LE,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Investment opportunity. An Airbnb, motel or multi-family. 16 units: 14 studios, 2 units of one bedroom plus bonus. Multi-family income:,Contract Status Change Date:2024-04-09,Internet Address Display Y N:1,Internet Entire Listing Display Y N:1,