Active
quadruplex
SALE
3970 Nw 31st Terrace, Lauderdale Lakes, Florida 33309
Lauderdale Lakes, FL 33309
$990,000
3,534 sqft
Property Details
MLS#
B26087278
Type
Quadruplex
Square Footage
3,534
Year Built
1972
Tax Amount
$18,353
Property Description
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!
Amenities
1 Stories
Built 1972
Cooling: Electric
Heating: Central, Separate Meters
Other
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30 Year Fixed, 6.59% Interest
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Mortgage Insurance
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HOA
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Property Location
Listing Office:
Fidelity Real Estate Group LLC
Attribution Contact:
954-234-7653
Listing Agent:
Carlos Montoya
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