3970 NW 31st Terrace Lauderdale Lakes, FL 33309

$990,000

Total Square Feet

3,534
Lot Size

0.20 acre(s)

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 K...

Property Summary

MLS Number: B26087278

Status: Active

Days on Market: 7

Subdivision: ORIOLE ESTATES SEC 8

County: Broward

Bedrooms: 0

Total Square Feet: 3,534

Price Per Sq. Ft.: $280

New Constuction: No

Waterfront: No

Property Type: Multi Unit - Multiple

Cooling: Electric

Heating: Central, Separate Meters

Lot Size: 0.20 Acres

Roof Type: Shingle

Stories: 1.0

Taxes: $18,353

Year Built: 1972

Property Details

Days on Site: 7

Exterior: Block

Outdoor Features: Other

Flooring: Tile

Lot Dimensions: 8850

Parcel#: 494219152161

Pets Allowed: Yes, No Restrictions

Restrictions: No Restrictions

Sewer: Public Sewer

SQFT Living: 3534

Structure Type: Multi Family, Quadruplex

Units: 4

Utilities: Cable Available, Electricity Available, Water Available

Water: Public

Construction: Block

Local Schools

High School: Boyd H. Anderson

Middle School: Lauderdale Lakes

Elementary School: Oriole

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Courtesy of

Agency Name: Fidelity Real Estate Group LLC
Agent Name: Carlos A Montoya
Agency Phone: 954-345-9144

Presented by

Agent Name: Jeff Hallas
Agent Phone: 561.568.9226
Agency Title: Illustrated Properties
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Jeff Hallas

ipre.com

Agent Cell:

561.568.9226

Office Phone:

561.626.7000

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