Quadruplex for sale
$990,000
3970 NW 31ST TerraceLauderdale Lakes, FL 33309
- 3,534 Sq ft
- 8,850 Lot sq ft
- 1972 Built
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!
Details
- MLS #
- B26087278
- Property type
- Quadruplex
- Status
- Active
- Days on market
- 0
- Neighborhood
- ORIOLE ESTATES SEC 8,5 Units For Sale! Mo
- County
- Broward County
- Property taxes
- $18,353 (2025)
- Waterfront
- No
- Private pool
- No
- Cooling
- Electric
- Exterior features
- Other
Location
Estimated payment
$6,535/mo with 20% down at 6.5% for 30 years, including taxes, before insurance.
Adjust in the mortgage calculatorListing courtesy of Fidelity Real Estate Group LLC · Carlos A Montoya. Listing last updated October 12, 2026 2:11 PM.
