3970 NW 31ST Terrace, Lauderdale Lakes, FL 33309

$990,000 · Active

  • 0 baths
  • 3,534 sq ft
  • Quadruplex
  • Built 1972
  • Lot 8,712 sq ft
  • Broward County
  • MLS# B26087278
  • Oriole Estates Sec 8
Final Pics_3970 NW 31st 2026-08-18_001 at 3970 NW 31ST Terrace, Lauderdale LakesFinal Pics_3970 NW 31st 2026-08-18_002 at 3970 NW 31ST Terrace, Lauderdale Lakes03_3970_Other_16x9 at 3970 NW 31ST Terrace, Lauderdale Lakes04_3970_Other_16x9 at 3970 NW 31ST Terrace, Lauderdale Lakes01_3970_Exterior_Front_16x9 at 3970 NW 31ST Terrace, Lauderdale Lakes02_3970_Other_16x9 at 3970 NW 31ST Terrace, Lauderdale Lakes05_3970_Other_16x9 at 3970 NW 31ST Terrace, Lauderdale Lakes06_3970_Other_16x9 at 3970 NW 31ST Terrace, Lauderdale Lakes

About this home

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!

Features

Schools

  • Elementary: Oriole
  • Middle: Lauderdale Lakes
  • High: Boyd H. Anderson

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Fidelity Real Estate Group LLC · Listing agent: Carlos A Montoya

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Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 3970 NW 31ST Terrace.

Questions About 3970 NW 31ST Terrace

How much is 3970 NW 31ST Terrace?
3970 NW 31ST Terrace is listed at $990,000, which is about $280 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the property taxes on 3970 NW 31ST Terrace?
The listing reports annual property taxes of $18,353 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 3970 NW 31ST Terrace built?
3970 NW 31ST Terrace was built in 1972 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 3970 NW 31ST Terrace been on the market?
3970 NW 31ST Terrace has been listed for 6 days. Days on market and price changes are the first signals of how much room there is to negotiate.
Which schools serve 3970 NW 31ST Terrace?
The MLS lists Oriole (elementary), Lauderdale Lakes (middle), Boyd H. Anderson (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 3970 NW 31ST Terrace?
Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

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Nearby Cities

Nearby ZIP Codes

Nearby ZIP codes include 33334 and 33311. This property also neighbors Oakland Park, Plantation, and Fort Lauderdale.