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Subdivision: Oriole Estates Sec 8 65-9
3960 NW 31st Ter,
Lauderdale Lakes, Florida 33309 SOLD FOR $730,000 $749,999
| Studio | Sq.Ft: 3,120 | PPSF: $240.38 | Type: Multifamily |
Oriole Estates: 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!
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