Home » Fort Lauderdale » 1118 NW 31 Av, Fort Lauderdale, FL 33311 | A11566600

Fourplex (Quadruplex) For Sale 1118 NW 31 Av, Fort Lauderdale, FL 33311

$1,500,000
Price has decreased by $250,000

Property Highlights

Listing ID A11566600 Status of this Listing: Active For Sale Property Type Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Living Space 5,827 Sqft/541.35 m2 approx. Building Area 5,827 Sqft/541.35 m2 approx. Year Built 1956 Time of this property on Rebonus 298 Day(s)

1118 NW 31 Av, Fort Lauderdale, FL 33311

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.

Useful Info

Previous Asking Price:$1,750,000
Original List Price:$1,750,000

Lease Details

Rent Includes:
  • Sewer
  • Water

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • New Construction
Architectural
Style:
  • Fourplex
Levels:Two
Construction Materials:
  • Block
Flooring:
  • Tile
Stories:2

Property Features

Waterfront:No
Roof:
  • Flat
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Wall/window Unit(s)
Heating:Yes
Heating System:
  • Electric

Taxes and Expenses

Tax Annual Amount:$12,467

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Property Tax Status:New Construction

Terms

Documents Available:
  • Other
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Closing & Funding
Lease Considered:No

Community

Subdivision Name:ROOSEVELT GARDENS
Senior Community:No

Parking

Parking Total Spaces:0
Covered Spaces:0

Utilities

Sewer:
  • Other
Utilities Available:
  • Cable Not Available

More Details

Other Information:
Tax InformationNew Construction
Flood ZoneX
Type of AssociationNone
Style Fourplex
FEMA Flood Zone DesignationsX
Subdivision Number7

Zoning and Legal

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
Real Estate Folio Number (Parcel Number):494232070290
Zoning Description:B-3
Public Survey Range:49
Public Survey Section:32

Listing History

Update/EventDate/Days
Published Date:April 12, 2024 9:21 am
On Market Date:April 12, 2024
Price Change Date Time:June 3, 2024 10:35 pm
Last Important Update Description:Price Change
Date and Time of Last Important Update:June 3, 2024 10:35 pm
Status Last Changed:April 12, 2024 9:21 am
Photos Last Modified:June 4, 2024 2:38 am
Last Modified:October 19, 2024 9:56 am
Days on the Market Reference Date:October 19, 2024
Days on the Market (updated on Last Modified*):190
Cumulative Days on the Market (updated on Last Modified**):533

Additional Information

Lot Size Range:1/2 To Less Than 3/4 Acre Lot
Number of Photos:21
Location:,,1/2 To Less Than 3/4 Acre Lot
Included:,,
Geographical Area:Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Area:3560
Courtesy of:RE/MAX Advance Realty
Universal Property Id:US-12011-N-494232070290-R-N

Location

Show Property Address:Yes
Street Name:31 Av
Street Number:1118
Street Direction Prefix:NW
Street Address:1118 NW 31 Av
City : Fort Lauderdale
State : Florida
Zip Code : 33311
County : Broward
Full Address:1118 NW 31 Av, Fort Lauderdale, FL 33311
Latitude:N26° 8' 18.9''
Longitude:W81° 48' 49.1''

Neighborhood

Postal City:Fort Lauderdale

Property Map