$1,500,000
$250K PRICE DROP

1118 NW 31st Ave Fort Lauderdale, FL 33311

Roosevelt Gardens Neighborhood

Estimated payment $9,411/month

Total Views 4,390
-- Bed
-- Bath
5,827 Sq Ft
$257 Price per Sq Ft

Highlights

  • Newly Remodeled
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • No HOA
  • Tile Flooring

About This Home

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.

Listing Agent

Issabella Silverstein

RE/MAX Advance Realty License #0626609

RE/MAX Advance Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,467

Year Built

  • Built in 1956 | Newly Remodeled

Home Design

  • Quadruplex
  • Flat Roof with Façade front

Interior Spaces

  • 5,827 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association
  • 2 Units
  • Roosevelt Gardens Condos
  • Roosevelt Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494232070290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,467

Year Built

Built in 1956 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1956
  • Property Sub Type: Quadruplex
  • Architectural Style: Other
  • Co List Office Phone: 305-357-4040
  • Directions: 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 12 st. and NW 11 st.
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: ROOSEVELT GARDENS
  • Year Built Details: New Construction
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Living Area: 5827
  • Stories: 2

Exterior Features

  • Roof: Flat Roof With Facade Front
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Pool Private: No
  • Property Condition: New Construction
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: ROOSEVELT GARDENS

Utilities

  • Sewer: Other
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494232070290
  • Zoning: B-3
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12467

Multi Family

  • Number Of Units In Community: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2024 06/04/24 Price Changed $1,500,000 -14.3% $257 / Sq Ft
05/13/2024 05/13/24 Price Changed $1,750,000 +3.1% $300 / Sq Ft
05/08/2024 05/08/24 Price Changed $1,698,000 -3.0% $291 / Sq Ft
04/12/2024 04/12/24 For Sale $1,750,000 -- $300 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11566600

MIAMI REALTORS® MLS

Florida Broward County Fort Lauderdale 33311 Roosevelt Gardens

1118 NW 31st Ave, Fort Lauderdale, FL

Homes for Sale in Fort Lauderdale, FL

This home is located at 1118 NW 31st Ave, Fort Lauderdale, FL 33311 and is currently priced at $1,500,000, approximately $257 per square foot. This property was built in 1956. 1118 NW 31st Ave is a home located in Broward County with nearby schools including Dillard Elementary School, Dillard High School, and Mt. Olivet SDA Junior Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS 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.

Issabella Silverstein
Listing Agent
Issabella Silverstein
Section Image
RE/MAX Advance Realty
(754) 354-4466