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Gelfand Realty Miami Properties for Sale - Multi Family for Sale

1118 NW 31ST AVE, FORT LAUDERDALE, FL 33311

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Multi Family - ROOSEVELT GARDENS 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:

    53 day(s)

  • Adjusted Area:

    5827 sqft

  • Original Price:

    $1,750,000

  • Price per sqft:

    $257.42

  • 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

  • Tax Year:

    2023

  • Property Type:

    Multi Family

  • Style:

    Fourplex

  • Roof:

    Flat Roof With Facade Front

  • Cooling Description:

    Central AirWall/Window Unit(s)

  • Heating Description:

    Electric

  • Floor Description:

    Tile

  • Lot Features:

    1/2 To Less Than 3/4 Acre Lot

  • Type of Association:

    None

Description

$1,500,000 • living size area 5827 sqft

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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