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All Listings, $900,000 - $1,000,000 Real Estate For Sale in Lauderdale Lakes, FL
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New - 1 day 2 hrs ago
$990,000
- 3,534 SqFt
- $280/SqFt
Entry-Level
Multifamily for sale in Oriole Estates3970 NW 31st Ter, Lauderdale Lakes, FL 33309
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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Lauderdale Lakes, FL Snapshot
255
Active Inventory
12
New Listings
$101K to $2.9M
Price Tier
25
Pending Sales
$275K
Median Closed Price
123
Avg. Days On Market
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