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3775 NW 116th Ter 4 Unit Apartment Building $1,249,000 ($312,250/Unit) 6.94% Cap Rate Coral Springs, FL 33065
Investment Highlights
- Located In West Coral Springs
- Most Units Updated
Executive Summary
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. Annual Expenses Include Taxes: $23368, Water: $4560, Estimated Insurance: $7500, Estimated Lawn: $900. Trash Is Included In Taxes. Total Estimated Expenses Are $36328, Potential Net $86,672.00, Offering Almost A 7% Cap.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$123,000
|
$32.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,000
|
$32.21
|
| Taxes |
$23,368
|
$6.12
|
| Operating Expenses |
$12,960
|
$3.39
|
| Total Expenses |
$36,328
|
$9.51
|
| Net Operating Income |
$86,672
|
$22.69
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $123,000 |
| Annual Per SF | $32.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $123,000 |
| Annual Per SF | $32.21 |
| Taxes | |
|---|---|
| Annual | $23,368 |
| Annual Per SF | $6.12 |
| Operating Expenses | |
|---|---|
| Annual | $12,960 |
| Annual Per SF | $3.39 |
| Total Expenses | |
|---|---|
| Annual | $36,328 |
| Annual Per SF | $9.51 |
| Net Operating Income | |
|---|---|
| Annual | $86,672 |
| Annual Per SF | $22.69 |
Property Facts
| Price | $1,249,000 | Apartment Style | Low-Rise |
| Price Per Unit | $312,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.94% | Building Size | 3,819 SF |
| Gross Rent Multiplier | 10.25 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1976/2020 |
| Property Subtype | Apartment | Parking Ratio | 2.09/1,000 SF |
| Zoning | RM-15 - Provide areas for low-to-medium density multifamily residential development, generally located near arterial or collector roads. | ||
| Price | $1,249,000 |
| Price Per Unit | $312,250 |
| Sale Type | Investment |
| Cap Rate | 6.94% |
| Gross Rent Multiplier | 10.25 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,819 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1976/2020 |
| Parking Ratio | 2.09/1,000 SF |
| Zoning | RM-15 - Provide areas for low-to-medium density multifamily residential development, generally located near arterial or collector roads. |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Tile Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 4 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 48-41-17-06-0640 | Total Assessment | $869,610 (2026) |
| Land Assessment | $70,000 (2026) | Annual Taxes | $23,368 ($6.12/SF) |
| Improvements Assessment | $799,610 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
48-41-17-06-0640
Land Assessment
$70,000 (2026)
Improvements Assessment
$799,610 (2026)
Total Assessment
$869,610 (2026)
Annual Taxes
$23,368 ($6.12/SF)
Tax Year
2025
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3775 NW 116th Ter
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