3970 NW 31st Terrace, Lauderdale Lakes, Florida image 1
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3970 NW 31st Terrace

Lauderdale Lakes, FL 33309
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$990,000 $4,173/Mo
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Bed 7

Bed

Bath 4

Bath

SqFt3,534

Sqft

SqFt8,850

Sqft(Lot)

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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $990,000

AD Id : 91806996

MLS Id : B26087278

Beds : 7

Lot Size : 8,850 Sq. Ft

Living Area Size : 3,534 Sq. Ft

Tax Amount : $18,353.07

Year Built : 1972

County : Broward

Subdivision: Franklin Park

  • Map Map

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Feature Features

  • Interior Features

    Roof: Shingle

  • Heating & Cooling

    Has Heating: Yes Heating: Central, SeparateMeters Has Cooling: Yes Cooling: Electric

  • Building Information

    Year Built: 1972
    Building Area Total: 3534
    Construction Materials: Block
    Private Pool: No

  • Exterior Features

    Exterior Features: Other

  • Lot Information

    Lot Dimensions: 8850 Main Square Feet: 8850 Lot Size Acres: 0.2 Lot Description: LessThanQuarterAcre

    Property Information

    Subdivision: ORIOLE ESTATES SEC 8 Source Property Type: ResidentialIncome MLS Area Minor: FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810) Postal Code Plus 4: 4974 Property SubType: Quadruplex Property Age: 54

  • Listing Price Information

    Listing Price: $990000
    Cash, Conventional, Exchange1031

  • Tax Information

    Parcel Number: 494219152161 Tax Year: 2025 Annual Tax: $18353.07 Tax Legal Desc: ORIOLE ESTATES SEC 8 65-9 B PT OF TR A DESC AS S 75 OF N 255.71 OF W 118

  • Parking Information

    Parking Total: 8

    Garage Information

    Pets Allowed: NoPetRestrictions, Yes

  • School Information

    Elementary School: Oriole Junior High School: Lauderdale Lakes Senior High School: Boyd H. Anderson

  • Utility Information

    CableAvailable, ElectricityAvailable, WaterAvailable

  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4101 NW 30th Terrace, Lauderdale Lakes, FL, 33309 $1,100,000 8 4 3,345 --
4260 NW 31st Terrace, Lauderdale Lakes, FL, 33309 $895,000 8 4 3,534 --

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/13/2026 @ 02:10

MLS: B26087278 LISTED BY: Carlos Montoya, Fidelity Real Estate Group LLC 954-345-9144 SOURCE: Beaches MLS

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