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3970 Nw 31st Terrace, Lauderdale Lakes, FL 33309

$990,000
: 3,534
SqFt

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List Price: $990,000
MLS: B26087278
Status: ACTIVE
Type: Multifamily
Living Area: 3,534

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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!

+1-954-990-5004

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Additional Information

Days on Market: 13
Style: Fourplex
Lot Size: 8,850
Exterior Features: Other
Year Built: 1972
Development Name: Oriole Estates Sec 8,5 Units For Sale! Mo
#Stories: 1
Construction Type: Concrete Block Construction