$990,000

Quadruplex In Lauderdale Lakes

  • 3,534 Sqft
  • 8,850.0 Ac lot
  • Updated: Today
  • Source:
    BeachesMLS  MLS#B26087278

About the Property

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. Proj
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!
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  • Property type

    Other

  • Floors

    1

  • Year built

    1972

  • Price/sqft

    $280

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3970 NW 31ST Terrace, Fort Lauderdale, Florida, United States View on Google Maps
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Fidelity Real Estate Group LLC - Coral Springs

Joined 11 months ago
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Fidelity Real Estate Group LLC - Coral Springs
Florida, United States
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10
Listings
2025
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Fidelity Real Estate Group LLC - Coral Springs
Coral Springs, Florida, United States
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Last updated
Today
First listed
October 13
Listing reference
B26087278
Listing status
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