For Sale
$255,000

6930 31St Ave Fort Lauderdale, FL 33309

Prime 4-unit building, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a well-maintained, single-story four-unit apartment building located at 6930 NW 31st Ave, Fort Lauderdale, Florida, 33309, in Broward County. Built in 1973, this property offers a compelling return on investment. Currently, one unit is rented at a below-market rate of $2250 per month, presenting immediate potential for increased rental income. A rental increase to between $2500 and $2600 per month is feasible, significantly boosting the property's cash flow. The building's single-story design simplifies maintenance and management. The asking price for this multifamily property is $255,000. This represents a rare chance to acquire a stable, income-generating asset in a desirable Fort Lauderdale location. The property's address is precisely 6930 NW 31st Ave, and its geographical coordinates are latitude 26.209115 and longitude -80.187647. This is not a duplex, triplex, or quadplex, but rather a four-unit building. The property is classified as an apartment building. Serious investors are encouraged to act quickly on this promising opportunity.

Highlights

  • Well-maintained, single-story four-unit apartment building in Fort Lauderdale, FL.
  • Asking price: $255,000.
  • One unit currently rented below market rate ($2250/month), offering immediate rental income increase potential ($2500-$2600/month).
  • Built in 1973.
  • Located at 6930 NW 31st Ave, Fort Lauderdale, FL 33309.

Property Details for 6930 31St Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
1973
Stories
1

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.209115
Longitude
-80.187647

FAQs

What type of property is this?
Apartment building - Prime 4-unit building, strong rental income.
Where is the apartment building located?
The property is located at 6930 31St Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Well-maintained, single-story four-unit apartment building in Fort Lauderdale, FL.; Asking price: $255,000.; One unit currently rented below market rate ($2250/month), offering immediate rental income increase potential ($2500-$2600/month).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6930 31St Ave
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