- beds
- —
- baths
- 0
- sq ft
- 3,534
- Built
- 1972
3970 NW 31ST Terrace
About this home
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!
Listing last checked: Listing updated:
Listed by Carlos A Montoya, Carlos Montoya · Fidelity Real Estate Group LLC · MLS #B26087278
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Details at a glance
Interior3 property facts
- Heating
- Central, Separate Meters
- Cooling
- Electric
- Flooring
- Tile
Building4 property facts
- Style
- Quadruplex
- Year built
- 1972
- Parking
- 8
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.2 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- RM-16
Financial3 property facts
- Annual taxes
- $18,353
- Assessment year
- 2025
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $990,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$6,535 / monthAdjust
- Principal & interest
- $5,006
- Property tax
- $1,529
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $18,353. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- New
$1,700 · Oct 9, 2026
- Lsd
$1,300 · Sold $1,300 · Sep 10, 2026
- Lsd
$1,700 · Sold $1,700 · Aug 19, 2026
- Lsd
$1,700 · Sold $1,700 · Aug 4, 2026
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About 3970 NW 31ST Terrace
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