- Overview
- Description
- Property Details
- Location
- Facts & Features
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$990,000
Monthly Est:$4,928
7 Beds
4 Baths
3,534sqft
3970 NW 31st Terrace, Lauderdale Lakes, FL 33309
$990,000
$4,928/moEst:
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Quadruplex
Built in 1972
$-- HOA
8,712 sqft lot
$280/sq.ft
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!
- Houzeo last checked: 5 minutes ago
- Listing updated: October 12, 2026 at 6:10 pm
- Listing Provided by: Carlos Montoya DRE #0623048, Carlos Montoya (954) 326-4868 DRE #3647244 | Fidelity Real Estate Group LLC (954) 345-9144
- Source: Beaches MLS-FL | MLS#: B26087278
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1972
HOA Fees
-
Finished Area
3,534 sqft
Lot Size
8,712 sqft lot
Basement Area
- sqft
MLS Name
Beaches MLS
MLS Number
B26087278
MLS Status
Active
Days on Market
17
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 4
Interior
Sewer
Public Sewer
Cooling
Electric
Exterior Features
Other
Heating
Central, Separate Meters
Flooring
Tile
Construction
Year Built
Year Built: 1972
Home type
Quadruplex
Property Condition
Resale
Roof
Shingle
Construction Materials
Block
Utilities & Energy
Utilities
Cable Available, Electricity Available, Water Available
Water Source
Public
Other Features
Tenant Pays
Electricity
Subdivision Name
Oriole Estates Sec 8
Lot Features
Less Than Quarter Acre
Price History
| Date | Event | Price |
|---|---|---|
10/12/2026 Source: | Listed for Sale | $990,000 $280/sqft |
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