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5-Unit Single-Story Apartment Building
For Sale
$930,000

4020 NW 31st Ter Unit 1-5, Lauderdale Lakes, FL 33309

Five rental units with central air conditioning, resident parking, and a fenced shared courtyard.

Property SizeContact for details
Days on Market16

Property Features for 4020 NW 31st Ter Unit 1-5

General Information

Standard status Active
Property subtype Multi Family

Amenities

Square Feet: 8850, Features: City Location
Sewer: Public Sanitation
Parcel Number: 494219152169, Tax Annual Amount: $11,039, New Taxes Expense: 11039, Tax Legal Description: ORIOLE ESTATES SEC 8 65-9 B TR B S 75 OF N 450 OF W 118, Tax Year: 2025
Flooring: Tile
Business Type: Apartments, Residential-Multi-Family, Lease Considered, Lease Term: Annual Lease,Month To Month, Special Listing Conditions: Sale, Standard Status: Active
Parking Total: 5, Features: Assigned, Guest
Construction Materials: CBS Construction, Stories: 1, Year Built: 1971, Year Built Details: Resale, Building Area Total: 3534
County Or Parish: Broward County, Unit Number: 1-5
Current Use: Income Non-Waterfront, Leasable Area Units: Square Feet
Units In Community: 5
Possession: Funding
Tenant Pays: Electricity
Inclusions: Building & Land, Leases
Water Source: Public
Road Frontage Type: City Street

Building Details

Year Built 1971
Listing Agency: EXP Realty LLC
Listed By: Benson Paul
Source: Riserealty
Added: Aug 18 Changed: Sep 2 Last Checked: Sep 2 at 6:21PM

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 EXP Realty LLC

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 a fenced shared courtyard and yard provide common outdoor space. The approximately 8,850 SF lot includes eight parking spaces, with assigned resident parking and two guest spaces.

Four of the five units are occupied. Tenants pay their own electricity, and the owner covers water and trash. The property is approximately 5 minutes from I-95 and 15 minutes from downtown Ft Lauderdale. Walk Score is 53, Bike Score is 58, and Transit Score is 35. The sale is offered AS-IS.

Key Highlights

  • Five‑unit mix: 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
  • 4 out of 5 units currently occupied

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Locksmith Florist (Bike/Boat/Book/etc) Store Catering Service Electrical Service Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

467
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five rental units with central air conditioning, resident parking, and a fenced shared courtyard.
Where is this apartment building located?
The property is located at 4020 NW 31st Ter Unit 1-5 Lauderdale Lakes, FL.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Five‑unit mix: 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; 4 out of 5 units currently occupied
More about this property
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