1118-1122 NW 31st Avenue Fort Lauderdale FL 33311 | MLS RX-10732557

1118-1122 NW 31st Avenue
Fort Lauderdale, FL, 33311
$2,100,000
Beds
Baths
0 SqFt
0 Acres
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.

Property Details

Price:
$2,100,000
MLS #:
RX-10732557
Status:
Active
Address:
1118-1122 NW 31st Avenue
Type:
Commercial
City:
Fort Lauderdale
Listed Date:
Jul 21, 2021 (64 days)
State:
FL
ZIP:
33311
Subdivision:
ROOSEVELT GARDENS FIRST ADD
Year Built:
1956

Schools

Interior

Cooling
Other
Flooring
Ceramic Tile
For Lease
No
Heating
Other

Exterior

Roof
Comp Shingle

Financial

Utilities
Cable, Electric, Public Sewer, Public Water

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1118-1122 NW 31st Avenue
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