3970 NW 31ST Terrace For Sale
Property Details
| Asking Price | $990,000 |
|---|---|
| Price per SqFt | $280 |
| Property Taxes | $18,353 2025 |
| Interior Space | 3,534 SqFt |
| Beds/Baths | —/— |
| Year Built | 1972 |
| Pool | No |
| Lot Size | 0.20 acres |
| MLS # | B26087278 |
Location
From the listing
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!
Listed by Fidelity Real Estate Group LLC
What It Costs to Own
Monthly, before a mortgage and insurance
Taxes $18,353 for 2025. MLS figures, which may not be accurate.
Sales History for This Home · 3970 NW 31ST Terrace, Lauderdale Lakes, FL 33309
Sales history is unavailable for this property
Listed by Fidelity Real Estate Group LLC. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Lauderdale Lakes and throughout South Florida.
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3970 NW 31ST Terrace, Lauderdale Lakes · MLS B26087278 · $990,000
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.