About 3970 Nw 31st Terrace
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 of 3970 Nw 31st Terrace
| MLS® # | B26087278 |
|---|---|
| Price | $990,000 |
| Square Footage | 3,534 |
| Acres | 0.20 |
| Year Built | 1972 |
| Type | Multi-Family |
| Sub-Type | Quadruplex |
| Status | New |
Community Information
| Address | 3970 Nw 31st Terrace |
|---|---|
| Area | 3550 |
| Subdivision | ORIOLE ESTATES SEC 8 |
| City | Lauderdale Lakes |
| County | Broward |
| State | FL |
| Zip Code | 33309 |
| HOPA | No Hopa |
Amenities
| Utilities | Cable Available, Electricity Available, Water Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central, Separate Meters |
|---|---|
| Cooling | Electric |
| # of Stories | 1 |
Exterior
| Exterior Features | Other |
|---|---|
| Roof | Shingle |
| Construction | Block |
School Information
| Elementary | Oriole |
|---|---|
| Middle | Lauderdale Lakes |
| High | Boyd H. Anderson |
Additional Information
| Zoning | RM-16 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Fidelity Real Estate Group LLC |
|---|