3970 NW 31st Terrace, Lauderdale Lakes, FL 33309

Lauderdale Lakes
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
3970 NW 31st Terrace,Lauderdale Lakes, FL 33309
$990,000
Virtual Tour
  • - Beds
  • - Baths
  • 3,534 sq. ft.
  • Multi-family
  • Active
Listed by: carlos a montoya, carlos montoya
Office: fidelity real estate group llc.
MLS#:B26087278
Source:RMLS

Price summary

  • Price:$990,000
  • Price per sq. ft.:$280.14

About this home

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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Home facts

  • Year built:1972
  • Subdivision & Development:ORIOLE ESTATES SEC 8
  • Listing ID #:B26087278
  • Added:1 day(s) ago
  • Updated:October 12, 2026 at 11:45 PM

Rooms and interior

  • Flooring:Tile
  • Living area:3,534 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:1972
  • Building area:3,534 sq. ft.
  • Construction Materials:Block

Schools

  • High school:Boyd H. Anderson
  • Middle school:Lauderdale Lakes
  • Elementary school:Oriole

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$990,000
  • Price per sq. ft.:$280.14
  • Tax amount:$18,353 (2025)

Parking

  • Total parking spaces:8
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. RMLS Member Broker: Gene Whiddon III <gwhiddon@bhgfirst.com>

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