Oriole Estates, 3960 NW 31st Ter, Lauderdale Lakes, FL 33309

Opportunity is knocking! Fourplex for only $749k! This property has incredible potential for growth! The building consists of 4 units, (two) 2 bedroom 1 baths & (two) 1 bedroom and 1 bathroom. Building has hurricane impact windows, central a/c and separate electric meters. Also, included is a community laundry room equipped with washer dryer hookups. Perfect for adding coin operated machines for additional income. All units are occupied with 3 month to month tenants + 1 leased unit. Current annual gross income is $76,200 (7.7% cap), rents are below market, but can be increased to $82,800+(8.6%+ cap). The total annual expenses are $18,287. Expenses include taxes: $11,587 landscaping: $600 estimated insurance: $4,000 water:$2,100. Take a 360 virtual tour now!