3970 NW 31ST TER, Lauderdale Lakes, FL 33309
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3970 NW 31ST TER, Lauderdale Lakes, FL 33309
3970 NW 31ST TER, Lauderdale Lakes, FL 33309
3970 NW 31ST TER, Lauderdale Lakes, FL 33309
3970 NW 31ST TER, Lauderdale Lakes, FL 33309
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Angela Ackermann

Angela Ackermann

+1(772) 418-4420
$ 990,000
Est. payment /mo
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3970 NW 31ST TER Lauderdale Lakes, FL 33309

3,534 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,534 sqft

Price per Sqft $280

Subdivision Oriole Estates Sec 8

MLS Listing ID B26087278

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 3534

Year Built 1972

Annual Tax Amount $18,353

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Quadruplex

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!

Location

State FL

County Broward

Area 3550

Zoning RM-16

Interior

Interior Features InteriorFeatures

Heating Central, Separate Meters

Cooling Electric

Flooring Tile

Fireplace No

Exterior

Exterior Feature Other

Utilities Available Cable Available, Electricity Available, Water Available

Water Access Desc Public

Roof Type Shingle

Accessibility None

Total Parking Spaces 8

Private Pool No

Building

Lot Description < 1/4 Acre

Dwelling Type Multi Family,Quadruplex

Story 1

Sewer Public Sewer

Water Public

Structure Type Block

New Construction No

Construction Status Resale

Schools

Elementary Schools Oriole

Middle Schools Lauderdale Lakes

High Schools Boyd H. Anderson

Others

Senior Community No

Restrictions No Restrictions,OK To Lease

Tax ID 494219152161

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard, Listed As-Is

Pets Allowed No Pet Restrictions, Yes

Virtual Tour https://www.propertypanorama.com/3970-NW-31ST-Terrace-Lauderdale-Lakes-FL-33309/unbranded

BeachesMLS, Inc. (FLR) IDX
Listed by Carlos A Montoya Fidelity Real Estate Group LLC
Angela Ackermann

Angela Ackermann

Broker Associate License ID: BK3019936

+1(772) 418-4420

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3970 NW 31ST TER