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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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4020 NW 31st Ter 1-5 , Lauderdale Lakes, FL 33309
$930,000
Est. Payment: $2,066.67/mo
0 Bed
0 Bath
3534 Sqft
Status: Active | Days on site: 29
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House 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.

Highlights

Listed by Benson Paul PA , 954-303-2673 EXP Realty LLC , 888-883-8509.

Property Type

Commercial Sale

Lot/Acreage
0.2

Year Built

1971

County

Broward

Area

3550

Listing ID

A12058411

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Floor:Tile
Water:Public

Exterior Features

Garage Capacity:5
Zoning:RM-16
Sewer:Public Sewer
Parking Features:Assigned,Guest
Principal Interest
$2,067
Taxes
$920

Home Price

$930,000

Loan Details

30 yrs
%

Down Payment

20%
$186,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,066.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,066.67 $919.92 $0.00 $2,986.58
Yearly $24,800.00 $11,039.00 $0.00 $35,839.00
Total $744,000.00 $331,170.00 $0.00 $1,075,170.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Lauderdale Lakes, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.