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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

1118 NW 31ST AVE, FORT LAUDERDALE, FL 33311

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Income/MultiFamily - for Sale

1118 NW 31ST AVE, FORT LAUDERDALE, FL 33311

Asking Price$1,500,000 Change Price$250,000

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  • Days on market:

    56 day(s)

  • Original Price:

    $1,750,000

  • 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

  • Property Type:

    Income/MultiFamily

  • Waterfront:

    Yes

  • Waterfront Description:

    Canal Width 1-80 Feet

  • Construction Type:

    Concrete Block With Brick

  • Special Listing Conditions:

    Sale

Description

$1,500,000 • waterfront access

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.
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