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!
Features
- Swimming Pool
- Heating System
- Cooling System
- Architectural Style
- Roof
- Sewer
Address Map
- State:
- FL
- County:
- Broward
- City:
- Lauderdale Lakes
- Zipcode:
- 33309
- Street:
- 3970 Nw 31st Terrace, Lauderdale Lakes, Florida 33
- Longitude:
- W81° 48' 43''
- Latitude:
- N26° 10' 32.2''
MLS Addon
- Building Area:
- 3,534 Sqft
- Construction Materials
- DOM:
- 1
- Elementary School:
- Oriole
- Exterior Features
- Flooring
- Interior Features
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 494219152161
- Stories Total:
- 1
- Structure Type:
- Multi Family
- Subdivision Name:
- ORIOLE ESTATES SEC 8
- Tax Annual Amount:
- $18,353
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
3970 Nw 31st Terrace, Lauderdale Lakes, Florida 33, Lauderdale Lakes, Florida 33309
3,534 Sqft
$990,000
MLS # #B26087278
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $990,000
- Square Footage :
- 3,534 Sqft
- Year Built :
- 1972
- Lot Area :
- 8,850 Sqft
- MLS # :
- B26087278
