1118 Northwest 31st Avenue
Description
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.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.
- Listed by Issabella Silverstein • RE/MAX Advance Realty
- Listed by Debborah Prada • Onyx Realty
Property Details for 1118 Northwest 31st Avenue
Property Details for 1118 Northwest 31st Avenue
| Status | Active |
|---|---|
| MLS # | A11566600 |
| Days on Market | 333 |
| Taxes | $12,467 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial/Industrial / Fourplex |
| Year Built | 1956 |
| Lot Size | - |
| County | Broward County |
Building Information for 1118 Northwest 31st Avenue
Property Information for 1118 Northwest 31st Avenue
- Parcel Number Free Text: 494232070290
- Parcel Number MLX: 0290
- MLS Area: 3560
- Township Range: 49
- Section: 32
- Subdivision Number: 7
- Subdivision Complex Bldg: ROOSEVELT GARDENS
- Unit Count: 2
- Zoning Information: B-3
- Num Parking Spaces: 0
- Property Type Information: Other
- Prop Type-Type of Building: Commercial/Residential Income, Residential-Multi-Family
- Building Sq Ft: 5,827
- Total Acreage: 0
- Approximate Lot Size: 0.38 acres
- Property Sq Ft: 16598
- Lot Description: 1/2 To Less Than 3/4 Acre Lot
- Pool: No
- Construction: Concrete Block Construction
- Construction Type: Concrete Block Construction
- Roof Description: Flat Roof With Facade Front
- Flooring: Tile Floors
- Floor Description: Tile Floors
- 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.
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11566600
- Security Information: Fenced
- Heating Description: Electric Heat
- Cooling Description: Central Cooling, Wall/Window Unit Cooling
- Sewer Description: Other Sewer
- Separate Meter: No
- Cable Available: No
- Guest Accommodations: No
- Rent Includes: Sewer, Water
- Type of Association: None
- Flood Zone: X
- Tax Year: 2023
- Tax Information: New Construction
- Information Available: Other Available Information
Property History for 1118 Northwest 31st Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1118 Northwest 31st Avenue
Schools near 1118 Northwest 31st Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 12 | |||
| Public - | PK to 12 | |||
| Charter - | K to 12 |
Rating | School | Distance |
|---|---|---|
Dillard Elementary School PublicPK to 5 | ||
Dillard High School Public6 to 12 | ||
Wingate Oaks Center PublicPK to 12 | ||
Eagles Nest Elementary Charter School CharterK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of RE/MAX Advance Realty; Onyx Realty
Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
