AvailableMultifamily Sale

4 Units On Large Corner Lot

3775 NW 116th Terrace, Coral Springs, FL 33065

Offering Price$1,239,000
Units4
Building3,819 SF
Land10,000 SF
Actual Cap6%
Proforma Cap7%
4 Units On Large Corner Lot listed by Fidelity Real Estate Group
Property Photos

Photo Gallery

61 Photos
Property Overview

Investment Opportunity

Fantastic Find!!! Money-Making 4-Plex In The Heart Of West Coral Springs. Grossing $10,250 Per Month With Room To Grow. Four Large 3-Bedroom Units, Strong Rents, Updated Interiors, In-Unit Washers And Dryers, Plenty Of Parking, And A Prime Location Next To A City Park With Beautiful Views. Recent Updates Include Newer Kitchens, Renovated Bathrooms, Laminate Flooring, And Select Units With Granite Counters And Stainless-Steel Appliances. Strong Income-Producing Multifamily Property In One Of Coral Springs' Most Desirable Rental Areas

Property Information

Property Details

Property Basics

Property CategoryMultifamily Sale
CountyBroward
ZoningRM-15
Units4
APN4841-17-06-0640
Building SF3,819 SF
Land SF10,000 SF
Land Acres0.23
Year Built1975

Building & Systems

Number of Buildings1
Number of Stories1
Electric Meters4
Water Meters1
LaundryIn-Unit Washer & Dryer
Roof TypeTILE, BARREL
HVACCentral

Investment Metrics

Price Per Unit$309,750
Price Per Building SF$324.43 / SF
Price Per Land SF$123.90 / SF

Property Improvements

2017-2018
A/C Replaced for 2 Units
2018
Pavement
2025
Electrical
Financial Overview

Investment Financials

Actual Financials

Gross Income$121,800
Operating Expenses$41,653
Net Operating Income$80,147
Cap Rate6%

Proforma Financials

Gross Income$134,400
Operating Expenses$41,653
Net Operating Income$92,747
Cap Rate7%

Unit Mix

1
Occupied
Bed/Bath3 Bed/1.5 Bath
Actual Rent$2,700
Proforma Rent$2,800
Lease4/30/2027
2
Occupied
Bed/Bath3 Bed/1.5 Bath
Actual Rent$2,350
Proforma Rent$2,800
Lease1/8/2027
3
Occupied
Bed/Bath3 Bed/1.5 Bath
Actual Rent$2,700
Proforma Rent$2,800
Lease8/31/2026
4
Occupied
Bed/Bath3 Bed/1.5 Bath
Actual Rent$2,400
Proforma Rent$2,800
Lease9/30/2026

Expense Breakdown

Taxes$23,433.00
Insurance$13,000.00
Water$4,560
Landscaping$660
Total Expenses$41,653