Price Reduction - New Construction
Address
1118 NW 31 Av, Fort Lauderdale, FL
Price
$ 1,750,000
Property Attributes
- MLS#A11566600
- TypeIncome
- CountyBROWARD
- CityFort Lauderdale
- Area3560
- NeighborhoodROOSEVELT GARDENS
- Zip33311
- StyleFourplex
- Year Built1956
- Taxes$ 12467
- Price$ 1,750,000
- Bedrooms14
- Full Bathrooms14
- Half Bathrooms0
- Sqr Footage5827
Data Source:
Southeast Florida MLS (SEFMLS)
Property 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.
| Price History | |
|---|---|
| 4/12/2024 | Listed $1,750,000 |
| 5/8/2024 | 3% - $1,698,000 |
General Features
| Sewer | Other |
|---|---|
| Heating | Electric |
| Cooling | CentralAir,WallWindowUnits |
| Utilities | CableNotAvailable |
| Possession | ClosingFunding |
| Roof | Flat |
| Architectural Style | Fourplex |
| Pool Features | None |
| Construction Materials | Block |
| Year Built | 1956 |
| Stories | 2 |
| Levels | Two |
| Property SubType | Quadruplex |
| Tax Year | 2023 |
| County | Broward County |
| New Construction | No |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | ROOSEVELT GARDENS |
| Garage Y/N | No |
| Rent Includes | Sewer,Water |
| Status | Active |
| 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. |
| City | Fort Lauderdale |
| View Y/N | No |
| Senior Community Y/N | No |
| Zoning Description | B-3 |
| MLS Area | 3560 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | 31 Av |
| Listing Terms | Cash,Conventional |
| Property Attached Y/N | No |
| Year Built Details | New Construction |
| Land Lease Y/N | No |
| Tax Annual Amount | 12467.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| MLS Area Minor | Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810) |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11566600 |
| Days on Market | 31 |
| Standard Status | Active |
| Occupancy Description | CallAgent |
| Property Sub Type Additional | Quadruplex |
| MobileHomeRemainsYN | No |
| PostalCity | Fort Lauderdale |
| 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 |
Interior Features
| Flooring | Tile |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Electric On Property Y/N | No |
Exterior Features
| Total Parking | 0.0 |
|---|---|
| Spa | No |
| Building Area Total | 5827.0 |
| Lot Size Units | SquareFeet |
| Covered Spaces | 0.0 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 33311
Price
Taxes
Visits
Year Built
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Data Last Updated: May 18, 2024 8:22 AM UTC
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