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Save Now Realty
3970 NW 31ST Terrace, Lauderdale Lakes, FL 33309
- $990,000
- 3,534
- SqFt
- List Price
- $990,000
- Days on Market
- 29
- MLS#
- B26087278
- Sq. Ft
- 3,534
- Subtype
- Quadruplex
- County
- Broward
- Subdivision
- Oriole Estates Sec 8
- Year Built
- 1972
Property Description
Excellent Investment Opportunity! Legal 5-Unit Multifamily Property Featuring Four Spacious 2-Bedroom, 1-Bath Apartments Plus One Studio. Currently Generating $6,700 Monthly With One Vacant Unit Offering Immediate Upside! Projected Income Of $8,400 Monthly Or $100,800 Annually! Annual Expenses: Taxes $18,000, Insurance Estimated $7,500, Water $3,756, Lawn $660. Total Approx. $29,916 Annually. Projected NOI $70,884 With A Potential 7.16 Cap! New Roof In 2023, Mostly Renovated Units With Updated Kitchens, Flooring And PVC Plumbing. Tenants Pay Their Own Electric! No HOA! Excellent Income-Producing Property With Strong Upside Potential!
Additional Information
- Pets Allowed
- No Pet Restrictions, Yes
- Construction
- Block
- Cooling
- Electric
- Flooring
- Tile
- Heating
- Central, Separate Meters
- Restrict
- No Restrictions, OK To Lease
- Roof
- Shingle
- Taxes
- $18,353
- Utilities
- Cable Available, Electricity Available, Water Available
- Stories
- 1
- Acres
- 0.20
- Price Per Sqft
- $280
- Elementary School
- Oriole
- Middle School
- Lauderdale Lakes
- High School
- Boyd H. Anderson
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Listing courtesy of Fidelity Real Estate Group LLC. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Carlos A Montoya | Email: carlos@234sold.com