3970 NW 31st TerraceLauderdale Lakes, FL 33309MLS Number B26087278

  • Price: $990,000
  • Est. Mortgage of $/month
  • 2 Days on Market
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Federal 30-year interest rate: 7.4% last updated on Oct 8, 2026
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3970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 333093970 NW 31st Terrace Lauderdale Lakes FL 33309
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  • 0.2Acreage
  • 1972Year Built
  • 3,534Square Feet
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!
Listing by Fidelity Real Estate Group LLC

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Ocean Estate Properties

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Ocean Estate Properties
Office: 561-504-9226
500 NE Spanish River Boulevard
Suite 104
Boca Raton, FL 33431

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Basic Information

  • Gross Income $100,800
  • Tenant Pays Electricity

Parking

  • Parking Total 8

Building

  • Building ConstructionBlock
  • Structure Type Multi Family, Quadruplex
  • Units4
  • Year Built1972

Interior

  • Flooring Tile

Exterior

  • Exterior Features Other
  • RoofShingle

Amenities

  • Cooling Electric
  • Cooling YN Yes
  • PetsNo Pet Restrictions, Yes

Water Body

  • Water AccessPublic

Other

  • Date Listed10/12/2026
  • Documents Available Financials, Other, Rent Rolls
  • Possession Negotiable
  • Special Listing Conditions Standard, Listed As-Is

Tax Information

  • 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
  • Tax Year 2025
  • Taxes$18,353

Location

  • Address3970 NW 31st Terrace
  • Area3550
  • Building Number3970
  • CountyBroward
  • StateFL
  • StreetNW 31st Terrace
  • SubdivisionOriole Estates Sec 8
  • TownLauderdale Lakes
  • Zip33309

Utilities

  • Heat SystemCentral, Separate Meters
  • Heating YN Yes
  • Utilities Cable Available, Electricity Available, Water Available
  • Waste Water DisposalPublic Sewer

Legal

  • Parcel Number 494219152161
  • Universal Parcel Id urn:reso:upi:2.0:US:12011:494219152161

School Information

  • Elementary SchoolOriole
  • High SchoolBoyd H. Anderson
  • Junior HighLauderdale Lakes

Basic Information

  • List Price$990,000
  • MLS NumberB26087278
  • Modification Date10/12/2026
  • Property SubTypeQuadruplex
  • Property TypeResidential Income
  • StatusACT
  • Virtual TourView Tour

Property Information

  • Acreage0.2
  • Lot Features < 1/4 Acre
  • Lot Size Dimensions 8850
  • Property Condition Resale
  • Property Sub Type Additional Quadruplex
  • Square Feet3,534

Based on information submitted to BeachesMLS as of October 13, 2026 12:23 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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