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Map
$1,750,000
●
Commercial -
For Sale
1118 NW 31st Ave
Fort Lauderdale, FL 33311
Studio
0 Bath
$9,632
Estimated Monthly
$0
HOA / Fees
0.16%
Cap Rate
About This Property
Investment opportunity. An Airbnb, motel or multi-family.
16 units: 14 studios, 2 units of one bedroom plus
bonus. Multi-family income: 14 studios: $1,300/monthly
+ $218,400 ao. 2 units of 1 bedroom $1,500/monthly + $36,000 annual
minus $35,000 annual expenses. NOI total:
$219,400/annual equals 11.2% cap. rate
Unit Size
-
Days on Market
32 days
Land Size
0.38 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,039
HOA Dues
-
Year Built
-
Listed By
Last updated: 29 days ago (Miami MLS #A11566588)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 9, 2024 | Listed by RE/MAX Advance Realty | $1,750,000 | |
| Listed by RE/MAX Advance Realty | |||
Property Highlights
Exterior Details
Property Information
Security Features: Security Fence
Year Built: 1956
Building Information
Building Area Total: 5827
Building Area Units: Square Feet
Building Area Total: 5827
Construction Materials: Concrete Block With Brick
Lot Information
Lot Size Units: Square Feet
Lot Size Acres: 0.38
Lot Size Square Feet: 16598
Financial Details
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 Annual Amount: $12,467
Parcel Number: 494232070290
Property is Zoned: B-3
Location Details
No Home Owners Association
1118 NW 31st Ave
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
3
Beds
2
Baths
1,580 ft²
$823/ft²
$1,300,000
Sep 29, 2023
$1,300,000
Feb 1, 2024
$723/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
06/30/2022
|
|
Loft
|
-
|
-
|
$2,200,000
Loft
-
|
-
-
|
-
|
Dan Ribeiro
Keller Williams Realty Services
|
|
07/21/2021
|
|
Loft
|
-
|
7258 ft²
|
$2,100,000
Loft
-
7258 ft²
|
-
-
|
-
|
Dan Ribeiro
Keller Williams Realty Services
|
|
08/22/2018
|
|
Studio
|
-
|
-
|
$700,000
Studio
-
|
-
-
|
-
|
-
|
Building Info
1118 Northwest 31st Avenue
1118 Northwest 31st Avenue, Fort Lauderdale, FL 33311
- 1 Unit for Sale
About Roosevelt Gardens
Similar Homes for Sale
Nearby Rentals
$1,400 /mo
- 1 Bed
- 1 Bath
- 730 ft²
$1,350 /mo
- 1 Bed
- 1 Bath
- 598 ft²
Listed by: Issabella Silverstein
RE/MAX Advance Realty
Last Updated: 29 days ago
Data Source: Miami MLS, MLS# A11566588
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
RE/MAX Advance Realty
Last Updated: 29 days ago
Data Source: Miami MLS, MLS# A11566588
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
