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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Listed by Carlos A Montoya • Fidelity Real Estate Group LLC
$990,000
Est. payment /mo
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3,534 SqFt
New

3970 NW 31ST TER Lauderdale Lakes, FL 33309

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Allison Roman

Allison Roman

+1(321) 720-2141

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

Year Built 1972

Annual Tax Amount $18,353

Tax Year 2025

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

Community Non- Gated

Area 3550

Interior

Heating Central

Cooling Electric

Flooring Tile

Fireplace No

Exterior

Community Features Non- Gated

Utilities Available Cable Available, Electricity Available, Water Available

Private Pool No

Building

Construction Status Resale

Schools

Elementary Schools Oriole

Middle Schools Lauderdale Lakes

High Schools Boyd H. Anderson

Others

Pets Allowed Yes

Senior Community No

Tax ID 494219152161

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Cash

Special Listing Condition Listed As- Is

Pets Allowed Yes

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Martin County REALTORS® of the Treasure Coast (MCRTC MLS)

NEARBY SCHOOL & BUSINESS

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Allison Roman

Allison Roman

Agent License ID: 3409788

+1(321) 720-2141

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3970 NW 31ST TER