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3970 Nw 31st Terrace, Lauderdale Lakes, FL 33309

$990,000
3,534
SqFt
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List Price
$990,000
MLS
B26087278
Status
ACTIVE
Type
Multifamily
Living Area
3,534
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(954) 702-2757

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!

(954) 702-2757
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Additional Information

Days on Market
3
Style
Fourplex
Lot Size
8,850
Exterior Features
Other
Year Built
1972
Development Name
Oriole Estates Sec 8,5 Units For Sale! Mo
#Stories
1
Construction Type
Concrete Block Construction
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Listing Courtesy of Fidelity Real Estate Group LLC, Contact: