Price Reduction
Address
3775 NW 116th Ter, Coral Springs, FL
Price
$ 1,520,000
Property Attributes
  • MLS#A11493966
  • TypeIncome
  • CountyBROWARD
  • CityCoral Springs
  • Area3625
  • NeighborhoodCastlewood
  • Zip33065
  • StyleFourplex
  • Year Built1976
  • Taxes$ 18721
  • Price$ 1,520,000
  • Bedrooms3
  • Full Bathrooms1
  • Half Bathrooms1
  • Sqr Footage3819
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description

Grow your wealth with this amazing investment opportunity. This fourplex sits on a wide lot in the beautiful city of Coral springs. The one story 4 units apartment property features large 3 bedrooms and 1.5 bathrooms in each unit. All of them substantially renovated including washer and dryer in 3 of the 4 units. The building and the roof is in excellent condition with 40 year inspection completed. 10 parking spaces available for residents. Great outdoor area next to a beautiful park with basketball court, playground and outstanding green area for the use of all families. All units currently rented with potential to increase the rent.

Price History
12/1/2023 Listed $1,600,000
2/9/2024 5% - $1,520,000

General Features

Sewer PublicSewer
Heating Central,Electric
Cooling CentralAir,Electric
Utilities CableNotAvailable
Possession CloseOfEscrow
Roof Barrel
Architectural Style Fourplex
Pool Features None
Construction Materials Block
Year Built 1976
Stories 1
Levels One
Property SubType Quadruplex
Tax Year 2023
County Broward County
Net Operating Income 84839.0
Operating Expense 28321.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Subdivision Name Castlewood
Garage Y/N No
Rent Includes Gardener,HotWater,Sewer,TrashCollection,Water
Special Listing Conditions ListedAsIs
Status Active
City Coral Springs
Buyer Agent Compensation 2.5%
View Y/N No
Senior Community Y/N No
Zoning Description RM-15
MLS Area 3625
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name 116th Ter
Property Attached Y/N No
Year Built Details Effective Year Built
Land Lease Y/N No
Tax Annual Amount 18721.0
Home Warranty Y/N No
Lease Renewal Y/N No
MLS Area Minor Ft Ldale SE (3280;3600;3800)
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://youtu.be/sLL47Gh8CaQ?si=BRn5ZIQqwnTHMkMw
Days on Market 84
Standard Status Active
Occupancy Description Tenant
Total Actual Rent 113160.0
Property Sub Type Additional Quadruplex
MobileHomeRemainsYN No
PostalCity Coral Springs
Legal Description CASTLEWOOD 71-37 B LOT 15 BLK E

Interior Features

Flooring CeramicTile
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Electric On Property Y/N No

Exterior Features

Lot Features Item14Acre
Total Parking 10.0
Spa No
Building Area Total 3819.0
Lot Size Units SquareFeet
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 33065

Price
AVG $1.32M
$1.52M
Taxes
AVG $15,772
$18,721
Visits
AVG 47
109
Data Provided by Inside Real Estate®
Year Built
AVG 1978
1976
Walkscore
AVG 40
52
Data Provided by Walkscore® not using MLS data

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