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3970 NW 31ST Terrace Lauderdale Lakes, FL $ 990,000
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3970 NW 31ST Terrace
$ 990,000
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3970 NW 31ST Terrace

Lauderdale Lakes, FL, 33309
$ 990,000
Bedrooms-- Baths0.0 Sq 3,534

Monthly Estimate*

$ 6,838

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Multi-Family Home for sale in Lauderdale Lakes, FL

for $990,000. This 3,534 square foot home was built in 1972 on a lot size of 0.2.

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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Multi-Family Active

Price

$ 990,000

Property Type

Multi-Family

Taxes

$ 18,353

Style

Lot Size

0.2

Year Built

1972

Town/City

Lauderdale Lakes

County/Region

Broward

MLS | Web ID

B26087278
Features
General
Sewer Public Sewer
Heating Central Separate Meters
Cooling Electric
Utilities Cable Available Electricity Available Water Available
Possession Negotiable
Roof Shingle
HOA Fee 0
Construction Materials Block
Pets Allowed No Pet Restrictions Yes
Year Built 1972
Tenant Pays Electricity
Property Subtype Quadruplex
Tax Year 2025
Gross Income 100800
Accessibility None
County Broward
Net Operating Income 70884
New Construction false
Property Type Residential Income
Subdivision Name ORIOLE ESTATES SEC 8
Status Active
High School Boyd H. Anderson
City Lauderdale Lakes
Senior Community Y/N false
Number Of Units Total 4
MLS Area 3550
Elementary School Oriole
Tax Annual Amount 18353.07
Middle/Junior High School Lauderdale Lakes
Property Condition Resale
MLS Area Minor FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Virtual Tour https://www.propertypanorama.com/3970-NW-31ST-Terrace-Lauderdale-Lakes-FL-33309/unbranded
Standard Status Active
Property Sub Type Additional Quadruplex
Legal Description ORIOLE ESTATES SEC 8 65-9 B PT OF TR A DESC AS S 75 OF N 255.71 OF W 118
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Interior
Flooring Tile
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Private Pool false
Exterior Amenities Other
Lot Features < 1/4 Acre
Water Source Public
Total Parking 8
Lot Size Area 8850
Building Area Total 3534
Lot Dimensions 8850
Lot Size Acres 0.2
Waterfront Y/N false
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* Excluded Features
List By
Carlos A Montoya

Listing Agent

Affordability Calculator

$8,367
Per Month
82%
18%
0%
Monthly Principal & Interest
$6,838
Monthly Property Taxes
$1,529
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4809325 Elementary School
4809389 Middle School
Boyd H. Anderson High School High School
See complete school information
Pricing History
Date Price Price Change Description
10/12/2026 $990,000 Listed Price

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3970 NW 31ST Terrace, Lauderdale Lakes, FL, 33309 is a Multi-Family Home for sale at $990,000 with 3,534 sqft and a lot size of 0.2. 3970 NW 31ST Terrace has 0.0 baths and was built in 1972. The property's zip code is 33309 which is in Lauderdale Lakes, FL

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