4020 NW 31st Terrace #1-5
Lauderdale Lakes, FL 33309
Square Ft.
3,534
$800,000
Opportunity meets practicality in this established Lauderdale Lakes 5-unit multifamily property. Approximately 8,850 SF lot, this single-story building offers a versatile mix of three 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio—giving an investor multiple rental options under one roof. The property features approximately 3,534 SF of building area, central… Read More A/C, eight parking spaces including assigned resident parking and two guest spaces, plus a fenced shared courtyard/yard that gives residents a pleasant outdoor area. Tenants pay their own electricity, while the owner covers water and trash.4 out 5 units are currently occupied, providing an existing rental base while the remaining unit offers flexibility for an investor. Current rents are below market, creating an opportunity to increase income over time as units turn and rents are adjusted, subject to market conditions.Location is another benefit. The property is approximately 5 minutes to I-95 and 15 minutes to downtown Ft Lauderdale. The surrounding community has an established rental presence, helping attract tenants looking for convenient and accessible housing.For an investor looking for a manageable multifamily property with existing occupancy, multiple units, no HOA, and room to improve rental income, this property is worth a closer look. Offered for sale AS-IS. Buyer to independently verify all measurements, zoning, licensing, unit configuration, and other property information. Read Less
Courtesy of EXP Realty LLC 888-883-8509
Listing Snapshot
Days Online
65
Last Updated
Property Type
Multi Family
Square Ft.
3,534
Lot Size
0.2 Acres
Year Built
1971
MLS Number
A12058411
Additional Details
Property Access
Frontage Type: City Street
Building
Built in 1971, 1 building, 1 storey, Construction Materials: CBS
Floors
Tile
Lot
0.2 acres
Parking
5 total parking spaces, Assigned, Guest
Property
Resale
Sewer
Public Sewer
Taxes
Parcel Number: 494219152169, Annual Amount: $11,039, Legal Description: ORIOLE ESTATES SEC 8 65-9 B TR B S 75 OF N 450 OF W 118, Year: 2025, Zoning: RM-16
Tenant Pays
Electricity, Interior Electric
Utilities
Water Source: Public
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