4020 NW 31st Terrace 1-5, Lauderdale Lakes, FL 33309
New Listing
$930,000
Property Type:
Commercial Sale
Square Footage:
3,534
Status:
Active
Current Price:
$930,000
List Date:
8/18/2026
Last Modified:
8/19/2026
Overview
Description
...
(Read more)
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.
Listing Details MLS# A12058411
General Property Information
- Number Of Buildings
- Yes
- Property Sub Type
- Multi Family
- Number Of Units Total
- 5
- Price Per Unit
- 190000
- Occupant Type
- Tenant
- Building Area Main
- 3534
- Year Built
- 1971
- Parking Total
- 5
- Lot Size Area
- 8850
- Lot Size Acres
- 0.2
- Stories Total
- Yes
Property Features
Documents Available:
Rent Rolls
Flooring:
Tile
Location of Property:
City Location
Parking Features:
Assigned; Guest
Possession:
Negotiable
Property Condition:
Resale
Sale Includes:
Building; Land; Leases
Source Of Expenses:
Owner Provided
Tenant Pays:
Electricity; Interior Electric
Construction Materials:
CBS
Listing Terms:
Cash; Conventional
Road Frontage Type:
City Street; None
Sewer:
Public Sewer
Special Information:
Presently Leased
Water Source:
Public
Contract Information
- Comp Sale YN
- No
- Original List Price
- 930000
Location and Legal
- Country
- United States
- County Or Parish
- Broward
- County Parish Name
- Broward
- Street Number
- 4020
- Street Direction Prefix
- NW
- Street Name
- 31st
- Street Suffix
- Terrace
- Unit Number
- 1-5
- City Name
- Lauderdale Lakes
- State Or Province
- FL
- Postal Code
- 33309
- Postal Code +4
- 4942
- Area
- 3550
- Geographic Area
- FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
- Parcel Number
- 494219152169
- Subdivision Number
- 15
- Zoning
- RM-16
- Flood Zone
- X
Financial Information
- Tax Annual Amount
- 11039
- Tax Year
- 2025
- Tax Legal Description
- ORIOLE ESTATES SEC 8 65-9 B TR B S 75 OF N 450 OF W 118
Status Change Information
- Major Change Timestamp
- 2026-08-18T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-08-18
More Information
Meter Information
- Number Of Meters Total
- 5
Short Sale Details
- Short Sale Addendum
- No
Income and Expenses
- Real Estate Taxes
- 11039
- Occupancy Percentage
- 83
Description of Unit Type 1
- Unit Type
- 2 Bedroom
- Units Total
- Yes
- Furnished
- No
- Annual Rent
- 1400
Description of Unit Type 2
- Unit Type
- 2 Bedroom
- Units Total
- 2
- Furnished
- No
- Annual Rent
- 1400
Description of Unit Type 3
- Unit Type
- 2 Bedroom
- Units Total
- 3
- Furnished
- No
Description of Unit Type 4
- Unit Type
- 1 Bedroom
- Units Total
- 4
- Furnished
- No
- Annual Rent
- 1200
Description of Unit Type 5
- Unit Type
- Efficiency
- Units Total
- 5
- Furnished
- No
- Seasonal Rent
- 1000
Price Calculations
- Current Price To SqFt
- 263.15
Section Details
- Parcel Number MLX
- 2169
Originating Details
- Originating System Key
- 534894962
- Originating System ID
- M00000151
Currently Not Used
- Ownership Type
- Sole Proprietor
Office/Member Information
- DXORIGMLSID
- SEF
Flooring
- Tile
- Yes
Parking Features
- Assigned
- Yes
- Guest
- Yes
Property Condition
- Resale
- Yes
Documents Available
- Rent Rolls
- Yes
Tenant Pays
- Electricity
- Yes
- Interior Electric
- Yes
Location of Property
- City Location
- Yes
Possession
- Negotiable
- Yes
Sewer
- Public Sewer
- Yes
Special Information
- Presently Leased
- Yes
Sale Includes
- Building
- Yes
- Land
- Yes
- Leases
- Yes
Construction Materials
- CBS
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Road Frontage Type
- City Street
- Yes
- None
- Yes
Water Source
- Public
- Yes
Source Of Expenses
- Owner Provided
- Yes
Listing Office:
EXP Realty LLC
Last Updated: August - 19 - 2026
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