1118 NW 31st Ave Fort Lauderdale, FL ^$ 1,950,000

1118 NW 31st Ave

^$ 1,950,000

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1118 NW 31st Ave

Fort Lauderdale, FL, 33311

^$ 1,950,000

Studio Baths0.0 Sq 5,827

Monthly Estimate*

^$ 13,621

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1118 NW 31st Ave, Fort Lauderdale, FL 33311 - Image 7

1118 NW 31st Ave, Fort Lauderdale, FL 33311 - Image 8

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Studio

Commercial Property for sale in Fort Lauderdale, FL

for $1,950,000. This 5,827 square foot building was built in 1956 on a lot size of 0.38.

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 potencial 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.

Commercial Active

Price

^$ 1,950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 12,467

Style

MultiFamily

Lot Size

0.38

Year Built

1956

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

A11347216

Features

General

Security Features Fenced

Construction Materials Brick Block

Year Built 1956

Property SubType MultiFamily

Tax Year 2022

County Broward County

New Construction N

Property Type CommercialSale

Association Y/N N

Attached Garage N

Garage Y/N N

Status Active

City Fort Lauderdale

View Y/N N

Senior Community Y/N N

Zoning Description B-3

MLS Area 3070

Lot Size Square Feet 16598.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 31st Ave

Listing Terms Cash

Property Attached Y/N N

Year Built Details Resale

Land Lease Y/N N

Tax Annual Amount 12467.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11347216

Days on Market 244

Structure Type MultiFamily

Standard Status Active

Occupancy Description CallAgent

Property Sub Type Additional MultiFamily

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

Exterior

Total Parking 20.0

Lot Size Area 16598.0

Spa N

Building Area Total 5827.0

Lot Size Acres 0.38

Lot Size Units SquareFeet

Covered Spaces 0.0

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 1118

* Excluded Features

List By

Re/Max Advance Realty

Broker

SilversteinRealEstate@Outlook.com

Affordability Calculator

$14,660

Per Month

Monthly Principal & Interest: $13,621
Monthly Property Taxes: $1,039
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Fort Lauderdale, FL

Average List Price ^$2,705,536

Percent of Sale Price 39%

About Fort Lauderdale, FL

179,497 Population

6% Since 2002

^$58,187 Median Income

44.09 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

292769 Elementary School

292996 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/15/2023	$1,950,000		Listed Price

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1118 NW 31st Ave, Fort Lauderdale, FL, 33311 is a Commercial Property for sale at $1,950,000 with 5,827 sqft and a lot size of 0.38. 1118 NW 31st Ave is a studio with 0.0 baths and was built in 1956. The property's zip code is 33311 which is in Fort Lauderdale, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to the real estate for sale on this web site comes in part from the Realtor Association of Greater Miami and the Beaches.

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1118 NW 31st Ave

Commercial Property for sale in Fort Lauderdale, FL

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