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0 Baths
3,534 sqft

$990,000

3970 NW 31ST Terrace, Lauderdale Lakes FL, 33309

Price per sqft$280.14
Built in1972
Property size3,534 sqft
Property typeMulti-family
Courtesy of Carlos A Montoya with Fidelity Real Estate Group LLC

Overview

Active

Listed Oct 12, 2026

Updated 44h ago

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!

$6,586/mo

Est. mortgage payment based on a $990,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$18,353
Tax Frequency
Annually
Pets Allowed
Yes
55+/Senior Community
No

Also listed on RMLS & RAGFL

MLS provider logo

Courtesy of Fidelity Real Estate Group LLC, Carlos A Montoya,
Listing Contact: 954-234-7653 

Based on information from Martin County REALTORS of the Treasure Coast, Inc. (RAMC) as of 10/13/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2026 Martin County REALTORS of the Treasure Coast, Inc. All rights reserved.

Data last updated 4:21 AM UTC, 10/13/2026

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