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Well-Maintained 5-Unit Multifamily Property

4001 NW 31st Ave, Lauderdale Lakes, FL 33309

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For Sale

$825,000

Stabilized, income-producing multifamily asset with 100% occupancy and upside potential.

Type:Investment

HighLights

100% Occupied, stabilized, income‑producing 5‑unit multifamily property with strong rental history
Recent capital improvements: New roof (2021), updated electrical panel (2024), updated subpanels, upgraded PVC plumbing, and newly asphalted parking lot
Opportunity for increased income through below‑market rents, laundry connections, and assigned parking spaces
Each unit has its own electric meter
Favorable zoning (RM‑16) and located in a Tax Incentive Opportunity Zone
50‑Year Inspection Completed

We can help!

Listing Contact

Nayda Reyes

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For Sale

$825,000

Stabilized, income-producing multifamily asset with 100% occupancy and upside potential.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 4:35 pm

Property Features for 4001 NW 31st Ave

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1972

We can help!

Listing Contact

Nayda Reyes

Listing agent Nayda Reyes License #3091849

Listing office Compass Florida LLC

Listing date Apr 24, 2026

Source Elliman

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 Compass Florida LLC

HighLights

100% Occupied, stabilized, income‑producing 5‑unit multifamily property with strong rental history
Recent capital improvements: New roof (2021), updated electrical panel (2024), updated subpanels, upgraded PVC plumbing, and newly asphalted parking lot
Opportunity for increased income through below‑market rents, laundry connections, and assigned parking spaces
Each unit has its own electric meter
Favorable zoning (RM‑16) and located in a Tax Incentive Opportunity Zone
50‑Year Inspection Completed

Overview

This well-maintained 5-unit multifamily property presents an opportunity to acquire a stabilized, income-producing asset with 100% occupancy and a strong rental history. The property features long-term tenants and potential for rental increases where rents are currently below market value. Each unit is equipped with its own electric meter. Property improvements include a new roof installed in 2021, an updated main electrical distribution panel in 2024, updated subpanels, upgraded PVC plumbing, and a newly asphalted parking lot. The unit mix comprises three 2-bedroom, 1-bathroom units, one 2-bedroom, 2-bathroom unit, and one efficiency unit, currently leased at $1,000 per month. Additional income opportunities exist through laundry connections and assigned parking spaces. This turnkey multifamily investment offers value-add opportunities and strong fundamentals. The property is located in an RM-16 zone and is within a tax incentive opportunity zone. A 50-year inspection has been completed. The bike score is 43, indicating it is somewhat bikeable, the walk score is 40, indicating car-dependent, and the transit score is 40, indicating some transit options.

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Local Demand

City: Lauderdale Lakes
County: Broward
State: Florida
Longitude: -80.1875621
Latitude: 26.1763095

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For sale
Apartment buildings
FL
Lauderdale Lakes
33309
4001 NW 31st Ave

What type of property is this?

Apartment building - Stabilized, income-producing multifamily asset with 100% occupancy and upside potential.

Where is this apartment building located?

The property is located at 4001 NW 31st Ave Lauderdale Lakes, FL.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: 100% Occupied, stabilized, income‑producing 5‑unit multifamily property with strong rental history; Recent capital improvements: New roof (2021), updated electrical panel (2024), updated subpanels, upgraded PVC plumbing, and newly asphalted parking lot; Opportunity for increased income through below‑market rents, laundry connections, and assigned parking spaces