3970 31ST ,Quadruplex, Fourplex, Oriole Estates Sec 8 for Sale

3970 31ST for Sale

Price $990,000.00

• Lot size 8850
• Year Build 1972
• Waterfront
• Zip 33309
• Style
• Parking Description
• Pool Yes
• Status Active

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!

ORIOLE ESTATES SEC 8 65-9 B PT OF TR A DESC AS S 75 OF N 255.71 OF W 118

Less Than 1/4 Acre Lot, Less Than 1 Acre

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!

City:Lauderdale Lakes,Roof:1:Shingle,Sewer:1:Public Sanitation,2:Sewer,Zoning:RM-16,Country:United States,List A O R:BeachesMLS,Stories:1,Tax Year:2025,Latitude:26.1754624,Cooling Y N:1,Heating Y N:1,List Price:990000,Listing Id:B26087278,Longitude:-80.1878984,Mls Status:Active,Utilities:1:Electricity Connected,2:Water Connected,3:Cable Available,4:Electricity Available,5:Water Available,Year Built:1972,High School:Boyd H Anderson,Living Area:3534,Possession:1:Long Closing Preferred,2:Negotiable,Postal Code:33309,Street Name:31ST,Coordinates:1:26.1754624,Gross Income:100800,Lot Features:1:Less Than 1 Acre,Photos Count:27,Business Type:1:Residential-Multi-Family,Listing Terms:1:Conventional,2:Exchange,Lot Size Acres:0.2,Lot Size Units:Square Feet,M I A M I R E_ Area:3550,M L S Area Major:Oriole Estates Sec 8,On Market Date:2026-10-12,Parcel Number:494219152161,Property Type:Residential Income,Stories Total:1,Street Number:3970,Street Suffix:Terrace,Public Remarks: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!,County Or Parish:Broward County,Documents Count:1,Expiration Date:2027-03-13,List Office Name:Fidelity Real Estate Group LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4974,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:ORIOLE ESTATES SEC 8,5 Units For Sale! Mo,Tax Annual Amount:18353,Total Actual Rent:100800,Unparsed Address:3970 NW 31ST Terrace, Lauderdale Lakes FL 33309,Elementary School:Oriole,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Year Built Details:Resale,Building Area Total:3534,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:8850,M I A M I R E_ L P Amt Sq Ft:280.1358,M I A M I R E_ Num Floors:1,M I A M I R E_ Num Meters:1,Original List Price:990000,I D X Participation Y N:1,Net Operating Income:70884,Number Of Units Total:4,Syndication Remarks: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!,Financial Data Source:1:Projected Pro-Forma,Listing Contract Date:2026-10-12,Originating System I D:miamire,Showing Instructions:Appointment Only,See Broker Remarks,Showing Assist,Virtual Showing Available,Street Number Numeric:3970,Tax Legal Description:ORIOLE ESTATES SEC 8 65-9 B PT OF TR A DESC AS S 75 OF N 255.71 OF W 118,M I A M I R E_ Current Price:990000,Middle Or Junior School:Lauderdale Lks,M I A M I R E_ Num Leases Year:365,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810),M I A M I R E_ Main Living Area:Entry Level,M I A M I R E_ Parcel Number M L X:4942,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Supplement Count:2,Contract Status Change Date:2026-10-12,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:15,M I A M I R E_ Acreage Description:1/4 Acre Or Less,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Num Times Leased Year:365,M I A M I R E_ Agent Alternate Phone:954-234-7653,M I A M I R E_ Approx Sqft Total Area:8850,Internet Entire Listing Display Y N:1,M I A M I R E_ Dade Market Amt Assessed Amt:705740,M I A M I R E_ Multiple Offers Accepted Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:280.14,Internet Automated Valuation Display Y N:1,