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O'Neil Dayes

odayes@oneildayes.com +1(754) 240-4203

Est. payment | -/mo

3,534 SqFt

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Est. payment | -/mo

Save Virtual Tour

3,534 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,534 sqft

Subdivision Oriole Estates Sec 8

MLS Listing ID B26087278

Construction Status Resale

HOA Y/N No

Year Built 1972

Annual Tax Amount $18,353

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 8850

Property Sub-Type Quadruplex

Property Description

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!

Location

State FL

County Broward

Area 3550

Interior

Heating Central, Separate Meters

Cooling Electric

Flooring Tile

Fireplace No

Exterior

Exterior Feature Other

Utilities Available Cable Available, Electricity Available, Water Available

Water Access Desc Public

Roof Type Shingle

Accessibility None

Total Parking Spaces 8

Private Pool No

Building

Lot Description < 1/4 Acre

Dwelling Type Multi Family,Quadruplex

Story 1

Sewer Public Sewer

Water Public

New Construction No

Construction Status Resale

Schools

Elementary Schools Oriole

Middle Schools Lauderdale Lakes

High Schools Boyd H. Anderson

Others

Pets Allowed Yes

Senior Community No

Restrictions No Restrictions,OK To Lease

Tax ID 494219152161

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard, Listed As-Is

Pets Allowed No Pet Restrictions, Yes

Virtual Tour https://www.propertypanorama.com/3970-NW-31ST-Terrace-Lauderdale-Lakes-FL-33309/unbranded

Listed by Carlos A Montoya Fidelity Real Estate Group LLC

NEARBY SCHOOL & BUSINESS

+1(754) 240-4203

odayes@oneildayes.com

7875 NW 57th St # 25497, Tamarac, Florida, 33351, United States

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3970 NW 31ST TER Lauderdale Lakes, FL 33309