14 APARTMENTS BONUS 4 MAYBE POSSIBLE ADDITIONAL APARTMENTS Investment Opportunity, multifamily, Airbnb, Motel.


Property

Website:https://www.nestseekers.com/3865358
Address:
1118 31 Av
Fort Lauderdale, FL 33311
Ownership: For Sale
Type: Unknown
Pets: No Pets Allowed
Area: 5827 sq ft

Financials

Price:$1,500,000
Annual Taxes:$12,467
Real estate tax:$12,467

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.

Amenities

  • CableNotAvailable

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of RE/MAX Advance Realty