3970 NW 31ST Terrace, Lauderdale Lakes FL 33309
Lauderdale Lakes, FL 33309
$990,000
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- Price
- $990,000
- Square feet
- 3,534
- Property type
- Quadruplex
- Year built
- 1972
- Lot size (sq ft)
- 8,850
- MLS number
- B26087278
This listing is courtesy of Fidelity Real Estate Group LLC, 954-345-9144.
About this property
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!
Details
- Property type
- Quadruplex
- Year built
- 1972
- Lot size (sq ft)
- 8,850
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC