BreakThru Realty

4020 NW 31st Terrace 1-5, Lauderdale Lakes, FL 33309

$800,000 · $226 per sq ft · Multifamily for sale

  • Property type: Multi Family
  • Asking price: $800,000
  • Price per sq ft: $226
  • Building size: 3,534 sq ft
  • Lot size: 8,712 sq ft
  • Zoning: RM-16
  • Year built: 1971
  • Units: 5
  • Stories: 1
  • Occupancy: 83%
  • Tenant pays: Electricity, Interior Electric
  • Buildings: 1
  • Parking spaces: 5
  • Parcel ID: 494219152169
  • MLS#: A12058411
Photo 1 at 4020 NW 31st Terrace 1-5, Lauderdale LakesPhoto 2 at 4020 NW 31st Terrace 1-5, Lauderdale LakesPhoto 3 at 4020 NW 31st Terrace 1-5, Lauderdale LakesPhoto 4 at 4020 NW 31st Terrace 1-5, Lauderdale LakesPhoto 5 at 4020 NW 31st Terrace 1-5, Lauderdale LakesPhoto 6 at 4020 NW 31st Terrace 1-5, Lauderdale LakesPhoto 7 at 4020 NW 31st Terrace 1-5, Lauderdale LakesPhoto 8 at 4020 NW 31st Terrace 1-5, Lauderdale Lakes

About this property

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 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.

Building Features and Utilities

  • CBS

Rent Roll

Unit typeUnitsBeds / bathsSizeRent per unitPro forma
2 Bedroom12 / ——$117/mo—
2 Bedroom22 / ——$117/mo—
2 Bedroom32 / ————
1 Bedroom41 / ——$100/mo—
Efficiency5————

15 units. Reported rent $9,012 a year ($751 a month).

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Property taxes$11,039/yr

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 4020 NW 31st Terrace 1-5

  • Included: Building, Land, Leases

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

EXP Realty LLC · a.shahin.broker@exprealty.net · Listing agent: Benson Paul

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 4020 NW 31st Terrace 1-5 or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 4020 NW 31st Terrace 1-5

How much is 4020 NW 31st Terrace 1-5?
4020 NW 31st Terrace 1-5 is listed at $800,000, about $226 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 4020 NW 31st Terrace 1-5 zoned?
The listing reports zoning of RM-16. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 4020 NW 31st Terrace 1-5?
The listing reports 3,534 square feet of building.
When was 4020 NW 31st Terrace 1-5 built?
4020 NW 31st Terrace 1-5 was built in 1971. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 4020 NW 31st Terrace 1-5?
The listing reports annual property taxes of $11,039 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 4020 NW 31st Terrace 1-5?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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