5-Unit Apartment
For Sale
Contact for pricing
4020 NW 31st Ter # 5 #1-5, Lauderdale Lakes, FL 33309
Single-story multifamily property with varied unit layouts, central air conditioning, resident parking, and a shared fenced outdoor area.
Property Size3,534 SF
Lot Size0.20 Acres
Price / SF$226.37
Days on Market66
Property Features for 4020 NW 31st Ter # 5 #1-5
General Information
Standard status
Active
Size
3,534 SF
Total Parking Spaces
5
Lot size
0.20 Acres
Property subtype
Multifamily
Zoning
RM-16
Occupancy
80%
Units
Unit Mix
3 x 2BR/1BA, 1 x 1BR/1BA, 1 x studio
Multifamily Units
5
Additional Details
Highway Access
Yes
Amenities
central A/C
fenced shared courtyard/yard
Building Details
Year Built
1971
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker Residential RE
Listed By:
Benson Paul · License #3370893
Source:
Crexi
Added: Aug 18
Changed: Oct 16
Last Checked: Oct 20 at 9:31PM
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 Coldwell Banker Residential RE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story apartment property contains five units within approximately 3,534 SF of building area. The configuration includes three 2-bedroom/1-bath apartments, one 1-bedroom/1-bath apartment, and one studio. Central A/C serves the building, while eight parking spaces include assigned resident spaces and two guest spaces. A fenced common courtyard and yard provide shared outdoor space. The property was built in 1971 and is zoned RM-16.
Four of the five units are occupied. Residents pay their own electricity, while ownership covers water and trash. The property is approximately 5 minutes from I-95 and 15 minutes from downtown Ft Lauderdale. There is no HOA, and the offering is available for sale AS-IS.
Four of the five units are occupied. Residents pay their own electricity, while ownership covers water and trash. The property is approximately 5 minutes from I-95 and 15 minutes from downtown Ft Lauderdale. There is no HOA, and the offering is available for sale AS-IS.
Key Highlights
- Five‑unit layout: three 2‑bedroom/1‑bath units, one 1‑bedroom/1‑bath unit, and one studio
- Approximately 3,534 SF building on an approximately 8,850 SF lot
- Four of five units occupied at present
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,351
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,020
$1.1M
Cap Rate 7%
$776,443
$776.4K
Cap Rate 9%
$603,900
$603.9K
Market Conditions
NOI Build-Up for 3,534 SF
Gross rent
$103.5K $29.28/SF
− Vacancy
−$4.7K −$1.32/SF
EGI
$98.8K $27.96/SF
− OpEx
−$44.5K −$12.58/SF
NOI
$54.4K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,020
Cap Rate 7%
$776,443
Cap Rate 9%
$603,900
Alternative Uses
Best Use
Apartment 5plus
$776.4K
$679.4K – $905.9K
NOI $54,351 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,506 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
80%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
990
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
Frequently Asked Questions
What type of property is this?
Apartment building - Single-story multifamily property with varied unit layouts, central air conditioning, resident parking, and a shared fenced outdoor area.
Where is this apartment building located?
The property is located at 4020 NW 31st Ter # 5 #1-5 Lauderdale Lakes, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Five‑unit layout: three 2‑bedroom/1‑bath units, one 1‑bedroom/1‑bath unit, and one studio; Approximately 3,534 SF building on an approximately 8,850 SF lot; Four of five units occupied at present
