3970 NW 31ST Terrace
$990,000
3970 NW 31ST Terrace, Lauderdale Lakes, FL 33309
For Sale
Multifamily
Duplex / Triplex / Fourplex
Active
Last Updated: 10/13/2026
70,884
NOI
3,534 sqft
Building Size
Details:
NOI: $70,884
Building Size: 3,534 sqft
Units: 4
Year Built: 1972
Floors: 1
Gross Leaseable Area: 3,534
Highlights:
- Lot Features: Less Than 1/4 Acre Lot, Less Than 1 Acre
- Gross Income: 100800
- Bathrooms Total: 0
- Documents Available: Other Documents Available
- Cooling: Electric
- Heating: Central
- Flooring: Tile
- Construction Materials: Concrete Block Construction
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
Gallery
