3970 NW 31st Terrace, Lauderdale Lakes, FL 33309

Lauderdale Lakes
Local realty services provided by:Reliant Realty ERA Powered
3970 NW 31st Terrace,Lauderdale Lakes, FL 33309
$990,000
Virtual Tour
  • - Beds
  • - Baths
  • 3,534 sq. ft.
  • Multi-family
  • Active
Listed by: carlos a montoya, carlos montoya
Office: fidelity real estate group llc.
MLS#:B26087278
Source:RMLS

Price summary

  • Price:$990,000
  • Price per sq. ft.:$280.14

About this home

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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Home facts

  • Year built:1972
  • Subdivision & Development:ORIOLE ESTATES SEC 8
  • Listing ID #:B26087278
  • Added:11 day(s) ago
  • Updated:October 24, 2026 at 03:03 PM

Rooms and interior

  • Flooring:Tile
  • Living area:3,534 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:1972
  • Building area:3,534 sq. ft.
  • Construction Materials:Block

Schools

  • High school:Boyd H. Anderson
  • Middle school:Lauderdale Lakes
  • Elementary school:Oriole

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$990,000
  • Price per sq. ft.:$280.14
  • Tax amount:$18,353 (2025)

Parking

  • Total parking spaces:8
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