Courtesy of: Carlos A Montoya, Fidelity Real Estate Group LLC, carlos@234sold.com
Courtesy of: Carlos A Montoya, Fidelity Real Estate Group LLC, carlos@234sold.com
$990,000
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7 bed
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3,534 square feet
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4.00 Bath (4 Full)
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Lot: 0.20 Acres
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Quadruplex
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$990,000
3970 NW 31ST Terrace Excellent Investment Opportunity! Legal 5-Unit Multifamily Property Featuring Four Spacious 2-Bedroom, 1-Bath Apartments Plus One Studio. Currently Generating $6, 700 Monthly With One Vacant Unit Offering Immediate Upside! Projected Income Of $8, 400 Monthly Or $100, 800 Annually! Annual Expenses: Taxes $18, 000, Insurance Estimated $7, 500, Water $3, 756, Lawn $660. Total Approx. $29, 916 Annually. Projected NOI $70, 884 With A Potential 7.16 Cap! New Roof In 2023, Mostly Renovated Units With Updated Kitchens, Flooring And PVC Plumbing. Tenants Pay Their Own Electric! No HOA! Excellent Income-Producing Property With Strong Upside Potential!
Courtesy of: Carlos A Montoya, Fidelity Real Estate Group LLC, carlos@234sold.com
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