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4Plex $105,000+ Gross Annual Income 4280 NW 114th Ter 4 Unit Apartment Building $1,200,000 ($300,000/Unit) 6.26% Cap Rate Coral Springs, FL 33065
Investment Highlights
- 4 Spacious 2 Bedrrom 2 Bath
- Washer & Dryer For Each Unit
- Balonies & Shared Yard
- Projected Gross Income $105k +
Executive Summary
Fantastic Find In The Heart Of Coral Springs. 4 Plex On Nearly A Quarter Acre Lot. All Units Are Spacious 2 Bedroom 2 Bath With Tile Flooring, Central A/C, Full Size Washers, Dryers & Private Patio. The Property Currently Generates Around $96,000 In Annual Income With Market Upside Potential Of $105,000 Plus. Annual Expenses Include Taxes (Trash Included)$20,750, $3,000 For Water, $1,200 For Lawn Care, Insurance $5,000. Call Today To Schedule A Viewing Of This Property Or To Receive A List Of Our Other Incredible Multi-Family Opportunities. Lines Shown On Aerials Are For Illustration Purposes Only & May Not Reflect Actual Boundaries. Visit www.InvestPropFL.com For A List Of Our Other Investment Properties.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$105,360
|
$16.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$105,360
|
$16.76
|
| Taxes |
$20,750
|
$3.30
|
| Operating Expenses |
$9,500
|
$1.51
|
| Total Expenses |
$30,250
|
$4.81
|
| Net Operating Income |
$75,110
|
$11.94
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $105,360 |
| Annual Per SF | $16.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $105,360 |
| Annual Per SF | $16.76 |
| Taxes | |
|---|---|
| Annual | $20,750 |
| Annual Per SF | $3.30 |
| Operating Expenses | |
|---|---|
| Annual | $9,500 |
| Annual Per SF | $1.51 |
| Total Expenses | |
|---|---|
| Annual | $30,250 |
| Annual Per SF | $4.81 |
| Net Operating Income | |
|---|---|
| Annual | $75,110 |
| Annual Per SF | $11.94 |
Property Facts
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $300,000 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 6,288 SF |
| Cap Rate | 6.26% | Average Occupancy | 1% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | RM-15 - LOW MEDIUM DENSITY MULTIPLE-FAMILY | ||
| Price | $1,200,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 6.26% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 6,288 SF |
| Average Occupancy | 1% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 2/1,000 SF |
| Zoning | RM-15 - LOW MEDIUM DENSITY MULTIPLE-FAMILY |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Range
- Views
- Yard
- Family Room
- Handrails
- Lawn
- Patio
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
1 1
Property Taxes
| Parcel Number | 48-41-17-02-0990 | Total Assessment | $980,740 (2026) |
| Land Assessment | $81,680 (2026) | Annual Taxes | $20,750 ($3.30/SF) |
| Improvements Assessment | $899,060 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
48-41-17-02-0990
Land Assessment
$81,680 (2026)
Improvements Assessment
$899,060 (2026)
Total Assessment
$980,740 (2026)
Annual Taxes
$20,750 ($3.30/SF)
Tax Year
2025
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4Plex $105,000+ Gross Annual Income | 4280 NW 114th Ter
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