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(754) 799-7545
Real Estate Company
3970 Nw 31st Terrace, Lauderdale Lakes, FL 33309
- $990,000
- 3,534
- SqFt
- List Price
- $990,000
- Days on Market
- 29
- MLS#
- B26087278
- Year Built
- 1972
- Living Area
- 3,534
- Lot Size
- 8,850
- Acres
- 0.20
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!
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Additional Information
- Taxes
- $18,353
- Community Features
- Oriole Estates Sec 8
- Property Description
- Fourplex
- Zoning
- RM-16
- Utilities
- Cable Connected, Electricity Connected, Water Connected, Cable Available, Electricity Available, Water Available
- Heating
- Central
- Air Conditioning
- Electric
- Exterior Construction
- Concrete Block Construction
- Roof
- Comp Shingle Roof, Shingle
- Elementary School
- Oriole
- Middle School
- Lauderdale Lks
- High School
- Boyd H Anderson
Listing Courtesy Of Fidelity Real Estate Group LLC, Contact: