Price Reduction - New Construction
Address
1118 NW 31 Av, Fort Lauderdale, FL
Price
$ 1,500,000
Property Attributes
- MLS#A11566600
- TypeIncome
- CountyBROWARD
- CityFort Lauderdale
- Area3560
- NeighborhoodROOSEVELT GARDENS
- Zip33311
- StyleFourplex
- Year Built1956
- Taxes$ 12467
- Price$ 1,500,000
- Bedrooms2
- Full Bathrooms16
- 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 |
| 6/3/2024 | 12% - $1,500,000 |
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 |
| Lot Size Units | SquareFeet |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| 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 | 52 |
| Standard Status | Active |
| Occupancy Type | 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 |
| 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
Copyright Southeast Florida Multiple Listing Service © 2024. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.
Data Last Updated: June 29, 2024 2:21 AM UTC
Information is deemed to be reliable, but is not guaranteed. © 2024 MLS and FBS. Prepared by Florida Keys MLS, Inc. on June 29, 2024 2:17 AM UTC The information on this sheet has been made available by the MLS and may not be the listing of the provider. The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information
