$730,000
$749,999
2.7%For more information regarding the value of a property, please contact us for a free consultation.
3960 NW 31st Ter Lauderdale Lakes, FL 33309
3,120 SqFt
Key Details
Sold Price $730,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $233
Subdivision Oriole Estates Sec 8 65-9
MLS Listing ID F10377633
Style Fourplex
Year Built 1972
Annual Tax Amount $12,069
Tax Year 2022
Property Description
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!
Location
State FL
County Broward County
Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)
Zoning RM-16
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Other Floors
Exterior
Waterfront No
Water Access N
Roof Type Flat Roof With Facade Front
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Water Municipal Water
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
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Bought with Rich Homes of Florida