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3970 Northwest 31st Terrace

Lauderdale Lakes FL 33309

3534 sq. ft.
8850 sq. ft.
Duplex
Currently for sale - view listing

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!

Features

3534 sq. ft. floor area
8850 sq. ft. lot size
Duplex

Property history for 3970 Northwest 31st Terrace

2021
Sold
$600,000
15 Jul 2021 by Uvanne Rose, of UBAR REALTY INC

Happy sellers in Lauderdale Lakes

90%
90% of sellers in Lauderdale Lakes reported that their sale price either exceeded or met their price expectations.

Lauderdale Lakes stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Lauderdale Lakes over the last 12 months.

Local market activity for duplexes in Lauderdale Lakes

In the last 12 months, 8 duplexes similar to 3970 Northwest 31st Terrace, have been sold.

This represents a 20% increase in duplexes sales when compared to the previous 12 months.

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