About 3700 Nw 116th Ter
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.
Features of 3700 Nw 116th Ter
| MLS® # | F10533100 |
|---|---|
| Price | $1,239,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,105 |
| Acres | 0.00 |
| Year Built | 1987 |
| Type | Residential Income |
| Sub-Type | Fourplex |
| Style | Substantially Remodeled |
| Status | Active-Available |
Community Information
| Address | 3700 Nw 116th Ter |
|---|---|
| Area | 3625 |
| Subdivision | Castlewood |
| City | Coral Springs |
| County | Broward County |
| State | FL |
| Zip Code | 33065-7006 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central Heat, Electric Heat |
|---|---|
| Cooling | Central Cooling, Electric Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Lot Description | Less Than 1/4 Acre Lot |
|---|---|
| Roof | Barrel Roof |
| Construction | Concrete Block Construction |
Additional Information
| Zoning | RM-15 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Pala Homes Inc |
|---|