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3970 NW 31ST Terrace, Lauderdale Lakes FL 33309

Multi-family For Sale
$990,000

BTC: 12.07317073

ETH: 407.07236842

2 days
0 room(s)
3,534 sqft

Overview

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!

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1972
Lot:
0.20 Acres
Heating:
Central
Price/sqft:
$280
Cooling:
Electric
HOA:
No Data

Highlights

Annual tax
$18,353
2025
Pets
Allowed
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Electric

  • Property

    • Exterior Features: Other

    Lot

    • Lot: 0.20 Acres

    Other Property Information

    • Parcel Number: 494219152161

    • Zoning: RM-16

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Water Connected

    • Cable Available

    • Electricity Available

    • Water Available

  • Other financial information

    • Annual tax amount: $18,353

  • Source details

    • MLS ID: B26087278

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Less Than 1/4 Acre Lot / Less Than 1 Acre

    • Living Area: 3534

    • Water Source: Public

    • Subdivision Name: ORIOLE ESTATES SEC 8,5 Units For Sale! Mo

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fidelity Real Estate Group LLC