Quadruplex in 3970 NW 31ST Terrace, Lauderdale Lakes, FL 33309 for sale with MLS# B26087278
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!
3970 NW 31ST Terrace, Lauderdale Lakes, FL 33309
Price
- Price:
- $990,000.00
- Original List Price:
- $990,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $280.13
Lease Details
- Tenant Pays:
- Electricity
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Fourplex (Quadruplex)
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- October 12, 2026 5:21 pm
- Other Special Conditions:
- Sold As-is
Measures
- Living Area:
- 3,534 Sqft
- Built-Up Area:
- 3,534 Sqft
- Lot Area:
- 8,850 Sqft
- Lot Size Dimensions and Info:
- 8850
- Building Area Source:
- Other
- Living Area Source:
- Other
- Lot Size Acres:
- 0.2
Property Features
- Waterfront:
- No
- Exterior:
- Other
- Air Conditioning
- Air Conditioning System:
- Electric
- Heating
- Heating System:
- Central, Separate Meters
Construction
- Year Built:
- 1972
- Roof:
- Shingle
- Number of Units Total:
- 4
- Levels:
- Two
- Construction Materials:
- Block
- Flooring:
- Tile
- Number of stories:
- 1
- Structure Type:
- Fourplex (Quadruplex), Multi Family
- Number of Units in the Community or Building:
- 4
- Flood Zone Code:
- X
- Property Condition:
- Resale
Taxes and Expenses
- Tax Annual Amount:
- $18,353.07
- Tax Year:
- 2025
- Tax Assessed Value:
- $705,740.00
- Property Tax Details:
- Tax Reflects No Exemptions
Utilities
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available, Electricity Available, Water Available
- Water Source:
- Public
Community
- Pets Allowed?:
- Yes, No Restrictions
- Subdivision Name:
- ORIOLE ESTATES SEC 8
- Senior Community:
- No
- Development Name:
- 5 Units For Sale! Money Maker!
- Restrictions:
- No Restrictions
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease
Terms
- Documents Available:
- Rent Rolls, Financial Statement, Other Available Information
- Listing Terms Considered by Seller:
- Cash, Conventional, 1031 Exchange
- Buyer Possession:
- Negotiable
- Negotiable Seller Concessions
Zoning and Legal
- Tax Legal Description:
- ORIOLE ESTATES SEC 8 65-9 B PT OF TR A DESC AS S 75 OF N 255.71 OF W 118
- Real Estate Folio Number (Parcel Number):
- 494219152161
- Zoning:
- RM-16
Public Schools Assigned
- Elementary School:
- Caribbean K-8
- High School:
- Boyd H. Anderson
- Middle Or Junior School:
- Lauderdale Lakes
Listing History
- Active on the market since:
- October 12, 2026
- Listing Agreement executed on:
- October 12, 2026
- Listing Status Last Changed On:
- October 12, 2026 5:21 pm
- Photos updated on:
- October 12, 2026 5:21 pm
- Last Modified:
- October 12, 2026 6:02 pm
Additional Information
- Courtesy of:
- Fidelity Real Estate Group LLC
- Attribution:
- Not provided
Location
- Street Name:
- 31ST
- Street Number:
- 3970
- City:
- Lauderdale Lakes
- State:
- Florida
- Zip Code:
- 33309
- County:
- Broward
- Latitude:
- N26° 10' 31.6''
- Longitude:
- W81° 48' 43.5''
- Street Suffix:
- Terrace
- Street Direction Prefix:
- NW
Property Map
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$73,496
Median Home Value
$309,100
Median Rent
$1,829/mo
Median Age
37
Population
38,074
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