Property Description

Great multiplex investment opportunity! 16 units. Minutes from downtown Fort Lauderdale. Potential for 8% cap! 16 units. 14 Studios. 2 1BRs. 8 Occupied – 4/$250/week, 2/$300/week, 2/$350/week. 8 Vacant. Total Gross Income $111,700/year. Operating Expenses $35K/year. NOI = $82600/year. Cap rate is 4% due to vacancies. Potential for 8% w/full occupancy. Rent includes water & FPL. Roof 1 yr old. 14 Parking spots. 14 units w/central air. Access will be provided upon a fully executed contract w/inspection period.

MLS Info
Keller Williams Realty Services
Active
Cash
NW
7,258 Sqft
0
20
-
$11,154
2020
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 12th St and NW 11th St.
Tax Rolls
Yes
No
$0
$0
$273
Video
  • Video1

Multifamily (5+ units) For Sale

1118-1122 31st Avenue, Fort Lauderdale, Florida 33311

0 Bedrooms
0 Bathrooms
0 Sqft
$1,985,000
Listing ID #RX-10732557
Basic Details
Property Type : Multifamily (5+ units)
Listing Type : For Sale
Listing ID : RX-10732557
Price : $1,985,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1956
Lot Area : 0 Sqft
Country : US
State : FL
County : Broward
City : Fort Lauderdale
Subdivision : ROOSEVELT GARDENS FIRST ADD
Zipcode : 33311
Contact Agent
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