3970 NW 31ST Terrace, Lauderdale Lakes, FL 33309

$990,000
3,534
SqFt
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List Price
$990,000
MLS#
B26087278
Sq. Ft
3,534
Subtype
Quadruplex
County
Broward
Subdivision
Oriole Estates Sec 8
Year Built
1972
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(561) 632-9350

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!

(561) 632-9350
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Additional Information

Pets Allowed
No Pet Restrictions, Yes
Construction
Block
Cooling
Electric
Flooring
Tile
Heating
Central, Separate Meters
Roof
Shingle
Taxes
$18,353
Utilities
Cable Available, Electricity Available, Water Available
Stories
1
Acres
0.20
Price Per Sqft
$280
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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