1118 31 Av ,Other, Quadruplex, Roosevelt Gardens for Sale

1118 31 Av for Sale

Price $1,500,000.00

• Lot size 5827
• Year Build 1956
• Waterfront
• Zip 33311
• Style Other
• 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.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11357274 Text or call Issabella 305-775-1148 or Debbie 305-484-3355.

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

1/2 To Less Than 3/4 Acre Lot

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,Cooling:1:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:26.1385925,Cooling Y N:1,Heating Y N:1,List Price:1500000,Listing Id:A11566600,Longitude:-80.1863749,Mls Status:Active,Year Built:1956,Directions:From I-95 continue on Fl-838 w/w Sunrise Blvd. turn right onto NW 31st. Ave. the property will be on the east side of NW 31st. ave. between NW 12 st. and NW 11 st.,Living Area:5827,Postal Code:33311,Street Name:31 Av,Coordinates:1:26.1385925,Photos Count:21,Building Name:ROOSEVELT GARDENS,Days On Market:190,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:3560,M L S Area Major:Roosevelt Gardens,On Market Date:2024-04-12,Parcel Number:494232070290,Property Type:Residential Income,Rent Includes:1:Water,Stories Total:2,Street Number:1118,M I A M I R E_ Style:Fourplex,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.,Structure Type:1:Fourplex,County Or Parish:Broward County,List Office Name:RE/MAX Advance Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:5640,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:ROOSEVELT GARDENS,Tax Annual Amount:12467,Unparsed Address:1118 NW 31 Av, Fort Lauderdale FL 33311,Listing Agreement:Exclusive Right To Sell,Year Built Details:New Construction,Building Area Total:5827,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:257.4223,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:2024-04-12,Originating System I D:miamire,Public Survey Section:32,Showing Instructions:Call Listing Agent,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_ Adjusted Area S F:5827,M I A M I R E_ Internet Remarks:Investment opportunity. An Airbnb, motel or Multi-family. 16 units: 14 studios & 2 units of 1 bedroom + bonus. Potential min. income as Multifamily.,Contract Status Change Date:2024-04-12,Internet Address Display Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:257.42,