$ 990,000
-
$990,000
Price -
7
Bed -
4
Bath -
3,534
SqFt -
0.2
Acre
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About the Listing FRGL01 - 0623048,276825762
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!
Listing Highlights for 3970 NW 31st Terrace
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Electric
- Heating: Central,Separate Meters
- Fireplaces:
- Floor: Tile
- Basement:
- Other: Pets Allowed
- Water: Public
Exterior Details
- Lot Description: < 1/4 Acre
- Garage Capacity: N/A
- Parking Spaces: 8
- Lot Dimensions: 8850
- Zoning: RM-16
- Roof: Shingle
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $18,353
- Taxes w/Assessments: $705,740
- Tax/Property ID: 494219152161
- Tax Year: 2025
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Monthly Payment
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Listing Location
Questions About..
3970 NW 31st Terrace Lauderdale Lakes, FL 33309
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