3700 NW 116th Ter new Save Request In-Person Tour Request Virtual Tour
Coral Springs,FL 33065
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,105 sqft
Price per Sqft $301
Subdivision Castlewood
MLS Listing ID F10533100
Style Fourplex
Construction Status Resale
Total Fin. Sqft 10000
Year Built 1987
Annual Tax Amount $21,500
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Rare opportunity to own a 4-unit property in the heart of Coral Springs. Each unit features 3 bedrooms, 2 bathrooms, in-unit laundry, and ample parking. No HOA. The property is approved for housing vouchers, providing stable rental income of 9750 for all units. Gross income is $117000/year with estimated expenses of $31,000, Market rents are around $2,800/month, pushing the potential cap rate to 6.5%. Conveniently located near Costco, Coral Square Mall, Sawgrass Mills, and just 2 minutes from the Sawgrass Expressway.4 ac units are less than 4 year old.40 year inspection passed.
Location
State FL
County Broward County
Area North Broward 441 To Everglades (3611-3642)
Zoning RM-15
Interior
Heating Central Heat,Electric Heat
Cooling Central Cooling,Electric Cooling
Flooring Ceramic Floor
Exterior
Roof Type Barrel Roof
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Concrete Block Construction
Sewer Municipal Sewer
Construction Status Resale
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition As Is
Virtual Tour https://www.propertypanorama.com/3700-NW-116th-Ter-Coral-Springs-FL-33065/unbranded