Roosevelt Gardens, 1118 NW 31st Ave Fort Lauderdale, FL, 33311

1,750,000(-14.29% )
$1,500,000Price
5,827SqFt

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Size: 5,827 ft2 / 541 m2
Price: $257 ft2 / $2,771 m2
Built: 1956
MLS Number: A11566600
On Site: 253 Days
Updated: 63 Days ago
Page Views: 0
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.
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Price History
06/03/2024

Date

Price Reduced

Event

$1.5M

Price

-14.29%

Change Rate

$257 ft2 / $2,771 m2

Price Per

05/13/2024

Date

Price Increased

Event

$1.8M

Price

3.06%

Change Rate

$300 ft2 / $3,233 m2

Price Per

05/08/2024

Date

Price Reduced

Event

$1.7M

Price

-2.97%

Change Rate

$291 ft2 / $3,137 m2

Price Per

04/09/2024

Date

Listed

Event

$1.8M

Price

$300 ft2 / $3,233 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Issabella Silverstein • RE/MAX Advance Realty • Buyer Agency Compensation .

Instant Comparative Market Analysis
$100/ft²
$100/ft²
$300/ft²
$500/ft²

Unit 1118 NW 31st Ave – Asking

$257/ft²

(-10%) from Closed Medium $/ft²

Closed Medium $/ft²

$285/ft²
Community $/Price Range (Closed) $101/ft² – $361/ft²
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