Fully Occupied
For Sale
$895,000
4260 NW 31st Terrace, Lauderdale Lakes, FL 33309
Fiveplex with four 2-bedroom, 1-bath units and one studio, all under annual leases.
Property Size3,534 SF
Days on Market119
Property Features for 4260 NW 31st Terrace
General Information
Standard status
Active
Size
3,534 SF
Zoning
RM-16
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$17,678
Building Details
Building Size
3,534 SF
Year Built
1971
Tenancy
Multi
Listing Agency:
Truenest Property Management
Listed By:
Ana Binetti · License #3407116
(954) 594-8182
Source:
Laerrealty
Added: Jun 30
Changed: Oct 25
Last Checked: Oct 24 at 2:04PM
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 Truenest Property Management
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Investment Insights
Based on property information with market context.
This fully occupied fiveplex includes four 2-bedroom, 1-bath units and one studio unit. All units are currently rented with tenants in place under annual lease agreements, supporting a stable, income-producing setup.
The property is located at 4260 NW 31st Terrace in Lauderdale Lakes, Florida. The listing notes that the photos included are not recent; however, the units are reported to be in great condition and well maintained.
Due to tenant occupancy, showings are permitted only after an accepted offer has been executed, and no exceptions are indicated. Please do not disturb the tenants.
The property is located at 4260 NW 31st Terrace in Lauderdale Lakes, Florida. The listing notes that the photos included are not recent; however, the units are reported to be in great condition and well maintained.
Due to tenant occupancy, showings are permitted only after an accepted offer has been executed, and no exceptions are indicated. Please do not disturb the tenants.
Key Highlights
- Fully occupied fiveplex with 4 two‑bedroom, 1‑bath units and 1 studio unit
- All units are currently rented under annual lease agreements with tenants in place
- Year built: 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,351
Cap Rate
6.07%
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 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,506 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fiveplex with four 2-bedroom, 1-bath units and one studio, all under annual leases.
Where is this apartment building located?
The property is located at 4260 NW 31st Terrace Lauderdale Lakes, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Fully occupied fiveplex with 4 two‑bedroom, 1‑bath units and 1 studio unit; All units are currently rented under annual lease agreements with tenants in place; Year built: 1971
