3700 116th Terrace, Coral Springs, FL 33065
  • MLS#: F10533100 ( Residential )
  • Street Address: 3700 116th Terrace
  • Viewed: 38
  • Price: $1,239,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1987
  • Bldg sqft: 0
  • Garage / Parking Spaces: 2
  • Additional Information
  • Geolocation: 26 / -80
  • County: BROWARD
  • City: Coral Springs
  • Zipcode: 33065
  • Subdivision: Castlewood
  • Provided by: LPT Realty, LLC
  • 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
Possible Terms
  1. Cash
  2. Conventional
Appliances
  1. Dishwasher
  2. Electric Range
  3. Microwave
  4. Refrigerator
Association Amenities
  1. None
Close Date
  1. 2019-10-25
Cooling
  1. Central Air
Flooring
  1. Carpet
  2. Ceramic Tile
Furnished
  1. Unfurnished
Heating
  1. Central
Interior Features
  1. Bedroom Layout - Split
Legal Description
  1. PORT ST LUCIE-SECTION 25- BLK 4 LOT 7 (MAP 34/20S) (OR 3942-1267)
Parcel Number
  1. 342062000760006
Parking Features
  1. Garage
Pets Allowed
  1. No Restrictions
  2. Yes
Property Type
  1. Residential
Roof
  1. Composition
  2. Shingle
Tax Year
  1. 2018
Utilities
  1. None
Views
  1. 38
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/rapb_gflr/RX-10533100
Year Built
  1. 1973
Zoning Code
  1. RS-2
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  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
  4. 229.834.4988