Caviar Global Properties - Pompano Beach & Boca Raton Real Estate | Buy or Sell

Courtesy of Keller Williams Realty Services.

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1118-1122 31st Avenue Fort Lauderdale, FL 33311
$2,100,000
  • beds
  • 0 baths
  • 7,258 sq ft

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Carola Lueder

Carola Lueder

Founder – Executive Director

LIC#BK3187419

Property Description

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 & Features

Property Type

  • Multifamily (5+ Units)

Year Built

  • 1956

Listing

  • Source: Palm Beach
  • List price: $2,100,000
  • MLS ID: 20121115220811115022000000
  • Listing ID: RX-10732557
  • Listing date: 2021-07-19
  • Status: Active
  • For lease?: No
  • $289 per square foot
  • None

House

  • 7,258 total building square feet
  • Built in 1956
  • 2 stories
  • 20 units in build
  • Square footage source: SimpleTemplate
  • None
  • Free Standing

Cooling

  • Other

Floors

  • Ceramic Tile

Heating

  • Other

Location

  • County: Broward
  • Subdivision: ROOSEVELT GARDENS FIRST ADD

Miscellaneous

  • Cable
  • Cash
  • Conventional

Property

  • Property type: E
  • Zoning: –

Roof

  • Comp Shingle

Taxes

  • Real estate taxes: $11,154
  • Year: 2020

Utilities

  • Cable
  • Electric
  • Public Sewer
  • Public Water

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