4040 NW 31st Terrace, Lauderdale Lakes, FL 33309 (MLS# R11164243)

4040 NW 31st Terrace, Lauderdale Lakes, FL 33309

$975,000

Virtual Tour

https://www.propertypanorama.com/4040-NW-31st-Terrace-Lauderdale-Lakes-FL-33309/unbranded

Property Type: Residential Income Square Footage: 3,534 Status: Active

Current Price: $975,000 List Date: 2/17/2026 Last Modified: 4/09/2026

Overview

Description

Great investment opportunity! 5 Unit Building in the heart of Lauderdale Lakes, great location surrounded by single family and multifamily residences. Building consists of 4 units with 2 bedrooms one bath plus Studio/Efficiency with 1 bath. Property is in excellent condition & well maintained. This income-generating asset features recent renovations, ideal for investors seeking stable returns. In 2025, major improvements include installation of hurricane impact windows & doors, new meter cans, and upgrades to include freshly painted interior and exterior, porcelain tile throughout, modern kitchen with brand-new stainless-steel appliances, upgraded cabinets, and quartz-style countertops. Fully upgraded bathrooms with premium fixtures. Water Heater and AC units replace within 5 years.

Supplements: roof is in good condition with no leaks. Property features courtyard entrance to each unit, fully fenced yard. Hook ups for common laundry available in storage room in rear.Location has a strong tenant appeal in a growing rental market. Centrally located minutes from major highways, schools, shopping centers, and more..

Listing Details MLS# R11164243

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 3534
Building Area Source: Public Records
Living Area Main: 3534
Living Area Source: Assessor
Accessibility Features YN: Yes
Year Built: 1972
Parking Total: 5
Gated Community YN: No
Lot Size Area: 8850
Lot Size Acres: 0.2
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Stories: Yes
Pool Private YN: No

Property Features

Accessibility Features: Accessible Entrance Documents Available: Copy Of Lease(s); Other Exterior Features: Courtyard Fencing: Back Yard; Fenced Flooring: Tile Property Condition: Resale Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided; Other Construction Materials: CBS Cooling: Central Air; Electric Heating: Central Laundry Features: Outside; Washer Hookup Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Close Of Escrow; Negotiable Restrictions: No Restrictions Roof: Flat Sewer: Public Sewer Tax Information: No Homestead Utilities: Electricity Available; Water Available View: Garden Water Access: None Water Source: Public Window Features: Storm Window(s) Showing Requirements: Appointment Only; Listing Agent Must Accompany; Occupied; Text Listing Agent; See Remarks Occupant Details: Tenant Occupied Outdoor Living Spaces: Courtyard Courtyard Details: Courtyard - Open Unit 1 Appliances: Microwave; Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Microwave; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Microwave; Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 3 Parking Features: Parking Space Unit 3 Rooms: Kitchen Unit 4 Appliances: Microwave; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Parking Space Unit 4 Rooms: Kitchen Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 975000
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 4040
Street Direction Prefix: NW
Street Name: 31st
Street Suffix: Terrace
City Name: Lauderdale Lakes
State Or Province: FL
Postal Code: 33309
Postal Zip: 33309
Subdivision Name: ORIOLE ESTATES SEC 8
Area: 3550
Geographic Area: FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Special Assessment YN: No
Parcel Number: 494219152179
Zoning: RM-16
Directions: Follow FL-870 E/W Commercial Blvd and NW 31st Ave to NW 31st Terrace in Lauderdale Lakes

Financial Information

Master Association YN: No
Tax Annual Amount: 18566.1
Tax Year: 2025
Tax Legal Description: ORIOLE ESTATES SEC 8 65-9 B TR B S 75 OF N 375 OF W 118
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-02-17T03:55:42Z
Major Change Type: New Listing
Status Change Date: 2026-02-16

More Information

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 5
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Meters Total: Yes

Income and Expenses

Annual Total Expense: 29319
Gross Income: 96600
Net Operating Income: 67280

Boat and Dock Information

Dock: No

Pet Details

Pet Fee YN: Yes
Pet Fee: 300

Storm Protection

Impact Glass: Complete

Showing Details

Pet(s) on Premises: No
Showing Instructions: Drive by only, submit LOI

Unit 1 Details

Actual Rent: 1500
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 750

Unit 1 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-02-28
Occupant Type: Tenant

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 1700
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 750

Unit 2 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-02-28
Occupant Type: Tenant

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Unit 3 Details

Actual Rent: 1700
Baths Full: Yes
SqFt: 750

Unit 3 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-03-01
Occupant Type: Tenant

Unit 3 Parking Details

Carport YN: No
Garage YN: No

Unit 4 Details

Actual Rent: 1700
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 750

Unit 4 Lease Description

Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-12-31
Occupant Type: Tenant

Price Calculations

Current Price To SqFt: 275.89

Originating Details

Originating System Key: 20260216223053999534000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Accessibility Features

Accessible Entrance: Yes

Exterior Features

Courtyard: Yes

Flooring

Tile: Yes

Property Condition

Resale: Yes

Documents Available

Copy Of Lease(s): Yes
Other: Yes

Fencing

Back Yard: Yes
Fenced: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Electricity Available: Yes
Water Available: Yes

View

Garden: Yes

Heating

Central: Yes

Water Access

None: Yes

Window Features

Storm Window(s): Yes

Construction Materials

CBS: Yes

Laundry Features

Outside: Yes
Washer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Flat: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes
Other: Yes

Cooling

Central Air: Yes
Electric: Yes

Showing Requirements

Appointment Only: Yes
Listing Agent Must Accompany: Yes
Occupied: Yes
Text Listing Agent: Yes
See Remarks: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes

Restrictions

No Restrictions: Yes

Tax Information

No Homestead: Yes

Occupant Details

Tenant Occupied: Yes

Outdoor Living Spaces

Courtyard: Yes

Courtyard Details

Courtyard - Open: Yes

Unit 1 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Rooms

Kitchen: Yes

Unit 3 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 3 Rooms

Kitchen: Yes

Unit 4 Appliances

Microwave: Yes
Refrigerator: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes

Unit 4 Parking Features

Parking Space: Yes

Unit 4 Rooms

Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Listing Office: Kingdom Living Properties, LLC

Last Updated: April - 09 - 2026

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