$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
Sold Date 06/02/23
Style Fourplex
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 7080
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
Water Access N
Roof Type Flat Roof With Facade Front
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
Read Less
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Bought with Rich Homes of Florida