$1,239,000
Coral Springs, FL 33065
MLS# FX-10533100
4105 sqft
1 / 22
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.
Details
Maps
Contract Information
Listing Date: 2025-10-22
Status: Active
Original List Price: 1239000
Auction: No
List Price: $1,239,000
Current Price: $1,239,000
List Price/SqFt: 301.83
General Property Description
Type: Quad Plex
Total # of Units: 4
Property Condition: Resale
Year Built: 1987
Number of Stories: 1
SqFt - Living: 4105
Homeowners Assoc: None
Subdivision: Castlewood
Lot Dimensions: 10000
Waterfront: No
Private Pool: No
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Location Tax Legal
Area: 3625
County: Broward
Parcel ID: 484117060470
Street #: 3700
Street Dir: NW
Street Name: 116th
Street Suffix: Terrace
Zip Code: 33065
Legal Desc: CASTLEWOOD 71-37 B LOT 15 BLK E
Geo Lat: 26.276507
Geo Lon: -80.282074
Unit 1 Info
Bedrooms: 3
Full Bath: 2
SqFt: 1000
Monthly Income: 2500
Unit 2 Info
Bedrooms: 3
Full Bath: 2
SqFt: 1000
Monthly Income: 2350
Unit 3 Info
Bedrooms: 3
Full Bath: 2
SqFt: 1000
Monthly Income: 2500
Unit 4 Info
Bedrooms: 3
Full Bath: 2
SqFt: 1000
Monthly Income: 2400
Income Expenses
Annual Total Expense: 31100
Annual Net Oper Inc: 85900
Property Features
Construction: Block; Concrete
Lot Description: < 1/4 Acre
Maintenance Fee Incl: Common R.E. Tax; Hot Water; Insurance-Other; Lawn Care; Legal/Accounting; Management Fees; Sewer; Trash Removal; Water
Flooring: Ceramic Tile
Cooling: Central; Electric
Heating: Central; Electric
Roof: Barrel
Terms Considered: Cash; Conventional
Utilities: Public Sewer
Special Info: Sold As-Is
Avail Info: Deposit Last Month; Deposit Security; Investment Analysis; Leases
Possession: Funding
Supplements
Water 300,Tax 21000,Insurance 6500.
Listing Office: Pala Homes Inc
Last Updated: October - 23 - 2025
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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