4020 NW 31st TER #1-5, Lauderdale Lakes, FL 33309
4020 NW 31st TER #1-5, Lauderdale Lakes, FL 33309
4020 NW 31st TER #1-5, Lauderdale Lakes, FL 33309
4020 NW 31st TER #1-5, Lauderdale Lakes, FL 33309
4020 NW 31st TER #1-5, Lauderdale Lakes, FL 33309
4020 NW 31st TER #1-5, Lauderdale Lakes, FL 33309
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Joe Desane

Joe Desane

+1(561) 827-3659
$ 930,000
Est. payment | /mo

3,534 SqFt

Save Virtual Tour
$ 930,000
Est. payment | /mo
Save Virtual Tour

3,534 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,534 sqft

Price per Sqft $263

MLS Listing ID A12058411

Construction Status Resale

HOA Y/N No

Year Built 1971

Annual Tax Amount $11,039

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Multi Family

Property Description

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.

Location

State FL

County Broward

Area 3550

Zoning RM-16

Interior

Interior Features InteriorFeatures

Flooring Tile

Fireplace No

Exterior

Parking Features Assigned, Guest

Water Access Desc Public

Road Frontage City Street, None

Total Parking Spaces 5

Building

Lot Description City Lot

Story 1

Sewer Public Sewer

Water Public

Structure Type Block

New Construction No

Construction Status Resale

Others

Tax ID 494219152169

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12058411

BeachesMLS, Inc. (FLR) IDX
Listed by Benson Paul EXP Realty LLC

NEARBY SCHOOLS & PROPERTIES

Joe Desane

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(561) 827-3659

joe@stayfl.co

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4020 NW 31st TER #1-5