Description

Well-maintained 5-Unit Multifamily – 100% Occupied. Excellent opportunity to acquire a stabilized, income-producing asset with 100% occupancy and strong rental history. This well-maintained 5-plex offers stable cash flow with long-term tenants in place and upside potential in rents where below market. All units have their own electric meter. Property improvements include a new roof (2021), updated main electrical distribution panel (2024), updated subpanels, and upgraded PVC plumbing, and newly asphalted parking lot. Unit mix includes 3- 2/1 and 1-2/2 and 1 efficiency currently leased at $1,000/month. Additional opportunity for income: Laundry connections and assigned parking spaces. This is a solid, turnkey multifamily investment with value-add opportunities and strong fundamentals. ZONE RM-16 & TAX INCENTIVE OPPRTUNITY ZONE. 50 YEAR INSPECTION COMPLETED.

Address

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Address: 31st Ave
City: Lauderdale Lakes
State/county: Broward County
Zip/Postal Code: 33309
Area: ORIOLE ESTATES SEC 8

Details

Updated on February 28, 2026 at 3:31 am

Property ID A11970170
Price $825,000
Property Size 3534 Square Feet
Year Built 1972
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Attached
BuildingAreaTotal 3534
BuildingAreaUnits Square Feet
BuildingName ORIOLE ESTATES SEC 8
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2026-02-22
Cooling Central Air, Zoned
DaysOnMarket 5
DocumentsAvailable Investment Analysis
ExpirationDate 2026-08-05
Fencing Fenced
Flooring Tile
Heating Other
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 954-401-4057
ListingTerms All Cash
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Oriole Estates Sec 8
MajorChangeTimestamp February 23, 2026 at 05:02am
MajorChangeType New
MlsStatus Active
ModificationTimestamp February 27, 2026 at 04:09pm
NetOperatingIncome 52776
NumberOfUnitsInCommunity 4
NumberOfUnitsTotal 5
OnMarketDate 2026-02-22
OperatingExpense 29424
OriginalEntryTimestamp February 23, 2026 at 05:02am
OriginalListPrice 825000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
OtherStructures Extra Building/Shed
ParcelNumber 494219152173
ParkingTotal 8
PatioAndPorchFeatures Patio
PhotosChangeTimestamp February 26, 2026 at 01:38am
PhotosCount 14
Possession Funding
PostalCodePlus4 4965
PriceChangeTimestamp February 23, 2026 at 03:51am
PublicSurveyRange 49
PublicSurveySection 19
PublicSurveyTownship 49
RentIncludes Hot Water, Gardener, Sewer, Trash Collection, Water
Roof Shingle
Sewer Public Sewer
ShowingInstructions Appointment Only, Showing Assist
SourceSystemKey 428417254
StateOrProvince FL
StatusChangeTimestamp February 23, 2026 at 05:02am
Stories 0
StoriesTotal 0
StreetDirPrefix NW
StreetName 31st Ave
StreetNumber 4001
StreetNumberNumeric 4001
StructureType Quadruplex, Fourplex
SyndicationRemarks Well-maintained 5-Unit Multifamily – 100% Occupied. Excellent opportunity to acquire a stabilized, income-producing asset with 100% occupancy and strong rental history. This well-maintained 5-plex offers stable cash flow with long-term tenants in place and upside potential in rents where below market. All units have their own electric meter. Property improvements include a new roof (2021), updated main electrical distribution panel (2024), updated subpanels, and upgraded PVC plumbing, and newly asphalted parking lot. Unit mix includes 3- 2/1 and 1-2/2 and 1 efficiency currently leased at $1, 000/month. Additional opportunity for income: Laundry connections and assigned parking spaces. This is a solid, turnkey multifamily investment with value-add opportunities and strong fundamentals. ZONE RM-16 & TAX INCENTIVE OPPRTUNITY ZONE. 50 YEAR INSPECTION COMPLETED.
TaxAnnualAmount 14249
TaxLegalDescription ORIOLE ESTATES SEC 8 65-9 B TRACT B E 118 LESS N 450
TaxYear 2025
TotalActualRent 82200
WaterSource Municipal Water
WindowFeatures Partial Impact Glass
YearBuiltDetails Resale
Zoning RM-16