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3700 116th Terrace, Coral Springs, FL 33065
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  • MLS#: F10533100 ( Residential Income )
  • Street Address: 3700 116th Terrace
  • Viewed: 2
  • Price: $1,239,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1987
  • Bldg sqft: 0
  • Additional Information
  • Geolocation: 26 / -80
  • County: BROWARD
  • City: Coral Springs
  • Zipcode: 33065
  • Subdivision: Castlewood
  • Provided by: Pala Homes Inc
  • DMCA Notice
  • 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. Water 300,Tax 21000,Insurance 6500.
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Features
Building and Construction
  • Flooring: Ceramic Tile
  • Roof: Barrel
Utilities
  • Cooling: Central Air, Electric
  • Heating: Separate Meters, Central, Electric
  • Sewer: Public Sewer
  • Utilities: Cable Not Available
Finance and Tax Information
  • Home Owners Association Fee Includes: Hot Water, Maintenance Grounds, Sewer, Trash, Water
  • Tax Year: 2024
Other Features
  • Legal Description: CASTLEWOOD 71-37 B LOT 15 BLK E
  • Parcel Number: 484117060470
  • Zoning Code: RM-15
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  1. Tropic Shores Realty
  2. A Winning Team
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com