Turnkey 5-Unit
For Sale
$850,000
3910 NW 30th Terrace, Lauderdale Lakes, FL 33309
Fully rented five-unit multifamily property offered for sale, designed for hands-off operation from day one.
Property Size3,780 SF
Price / SF$224.87
Days on Market101
Property Features for 3910 NW 30th Terrace
General Information
Standard status
Active
Size
3,780 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
5
Building Details
Year Built
1972
Listing Agency:
LoKation
(786) 253-0402
Listed By:
Rina Baroz · License #3117712
(786) 253-0402
Source:
Xome
Added: Apr 26
Changed: Jul 10
Last Checked: Aug 4 at 3:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LoKation
Investment Insights
Based on property information with market context.
This for-sale multifamily property consists of five units and is presented as a turnkey investment. The property is fully rented, supporting immediate occupancy status for the next owner. With a total building size of 3,780 square feet, the offering is positioned for buyers seeking an income-producing residential asset.
The property is located at 3910 NW 30th Terrace in Lauderdale Lakes, Florida. As a 5-unit structure, it offers a straightforward ownership setup for investors who prefer a small, manageable portfolio format within a single building.
For prospective buyers, the key practical feature here is that the building is already fully leased. That means the new owner can take over with existing tenant occupancy rather than planning an initial lease-up period. This makes the asset especially relevant for buyers looking for a smaller multifamily property with current rental operations already in place.
The property is located at 3910 NW 30th Terrace in Lauderdale Lakes, Florida. As a 5-unit structure, it offers a straightforward ownership setup for investors who prefer a small, manageable portfolio format within a single building.
For prospective buyers, the key practical feature here is that the building is already fully leased. That means the new owner can take over with existing tenant occupancy rather than planning an initial lease-up period. This makes the asset especially relevant for buyers looking for a smaller multifamily property with current rental operations already in place.
Key Highlights
- 5‑unit multifamily property is fully rented
- Year built 1972
- Central air cooling
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.7k | $29.28 |
| − Vacancy | −$5.0k | −$1.32 |
| EGI | $105.7k | $27.96 |
| − OpEx | −$47.6k | −$12.58 |
| NOI | $58.1k | $15.38 |
3,780 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$830.5K
$726.7K – $968.9K
NOI $58,134 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,243 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Explore this area
Business Placement
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully rented five-unit multifamily property offered for sale, designed for hands-off operation from day one.
Where is this apartment building located?
The property is located at 3910 NW 30th Terrace Lauderdale Lakes, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5‑unit multifamily property is fully rented; Year built 1972; Central air cooling
