Quadruplex

3970 NW 31ST Terrace

3970 NW 31ST Terrace, Lauderdale Lakes FL 33309 Get directions

$990,000

For Sale New — listed today

3,534 SqFt

See estimated monthly cost

This listing is courtesy of Fidelity Real Estate Group LLC. Carlos A Montoya

Overview

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!

Facts & features

Interior

Living area (sq ft): 3,534

Building & exterior

Year built: 1972
Lot size (sq ft): 8,850

Other

HOA (homeowners association)

Association fee: $0

No Restrictions
Yes

Taxes

Annual tax: $18,353
Tax year: 2025
Parcel number: 494219152161

Assigned schools

Elementary: Oriole
Middle: Lauderdale Lks
High: Boyd H Anderson

Listing

MLS number: B26087278
Property type: Quadruplex
Price per SqFt: $280
Subdivision: ORIOLE ESTATES SEC 8,5 Units For Sale! Mo
On market since: Oct 12, 2026
Days on market: 0

Estimated monthly cost

$7,278 per month

Down payment (%)

Interest rate (%)

Principal & interest (30 yr): $5,006
Property tax: $1,529
Insurance (estimated): $743

An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.

Location

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