4160 NW 31st Terrace Lauderdale Lakes, FL 33309 Pending

  • $530,000
  • 10 beds
  • 5 baths
  • 3,534 sqft
Pending
4160 NW 31st Terrace Lauderdale Lakes, FL 33309

Amazingly rare opportunity to purchase
this OFF-MARKET apartment building
in Lauderdale Lakes. This is a 5-unit building
with 2/1 layouts in each unit. Fully occupied
on 1-year leases. Each unit is individually
metered, and the tenants are paying
their own utilities. Property is in good
condition without need for rehab.
Owner currently taking in
~71K NOI.
~3K taxes and ~1K insurance.
Collected rent:
$6250/mo; ROI Net Cap Rate
(w/ expenses mentioned above):
~13.79% or ~$71K annual.

Price:
$530,000
Address:
4160 NW 31st Terrace
Lauderdale Lakes, FL 33309
Square Feet:
3,534
Lot Size:
8,850
Bedrooms:
10
Bathrooms:
5
Terms:
For Sale
Property Type:
Commercial
Year Built:
1972
Const. Type:
CBS

Call (954) 998-3366 for more details

Property Location