7 months on rocket

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

$1,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
5,827 SqFt
$257/SqFt
Multi

Location

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1118 NW 31st Ave, Fort Lauderdale$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1956
HeatingElectric
CoolingCentral Air, Wall/Window Unit(s)
MLS #A11566600
StatusActive

About 1118 NW 31st Ave

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1956
  • Stories: 2
  • Living Area: 5,827 SqFt

Listing Office:

  • Office Name: RE/MAX Advance Realty
  • Office Phone: (305) 444-7111
  • Listing Agent: Issabella Silverstein

Interior Features

Interior Information:

  • Flooring Type: Tile

Virtual/3D Tour

  • Virtual Tour: 1118 NW 31st Ave
Virtual Tour

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air, Wall/Window Unit(s)

Other

Directions Information:

  • 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.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $257/SqFt
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Housing Market Comparison

See how this home compares to others in Fort Lauderdale, FL.

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Fort Lauderdale, FL

City

Med. Sold Price

$484.4K

Med. Price/SqFt

$366

Avg. Days On Market

75

# of Sold Homes

93

1118 NW 31st Ave vs Fort Lauderdale

216 DAYS ON ROCKET

+141 Days

$1,500,000

+$1.0M More

$257/SqFt

-$109 Less

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $109/SqFt less than other homes in Fort Lauderdale, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11566600

Listing Office:

  • Office Name: RE/MAX Advance Realty
  • Office Phone: (305) 444-7111
  • Listing Agent: Issabella Silverstein

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 1:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-342939
5
/10

  • Larkdale Elementary School

  • 3250 NW 12th Pl

  • 0.25 miles

  • Public District Grades PK-5

school-card-donut-342940
3
/10

  • Martin Luther King Elementary School

  • 591 NW 31st Ave

  • 0.71 miles

  • Public Magnet Grades PK-5

school-card-donut-342941
3
/10

  • Dillard Elementary School

  • 2330 NW 12th Ct

  • 0.81 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,264. Most Fort Lauderdale, FL residents have annual incomes less than $35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Broward County›Fort Lauderdale›33311›1118 NW 31st Ave

This home is located at 1118 NW 31st Ave in Fort Lauderdale, FL and zip code 33311 in the Roosevelt Gardens neighborhood. This 5,827 square foot home was built in 1956. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $1,500,000.

While more than 12 listings in Fort Lauderdale, FL in October 2024 were sold above asking price, there were more than 9 listings sold at asking price, and more than 72 were sold below. The number of homes for sale in Fort Lauderdale, FL increased by 13.2% between September 2024 and October 2024. Listings spent 75 days on the market in October 2024, and had a median list price of $484,475 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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