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8702 NW 38th Dr
Coral Springs, FL 33065
Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Building Size | 7,220 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1985 |
| Building Class | C | Parking Ratio | 1.39/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | RM-20 - Residential/ Multifamily | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 7,220 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | RM-20 - Residential/ Multifamily |
About 8702 NW 38TH DR , CORAL SPRINGS, FL 33065
Completely renovated in 2015. New kitchens with stainless steel and granite, new bathrooms with granite, new upgraded tile throughout every room, landscaping, paint (inside and out), windows, AC's, hot water heaters, pavers and sold fully furnished. Extremely nice building in a very nice neighborhood. Long-term corporate tenant who renewed for five years in October 2018 thru October 2023. No vacancies, bad debt, evictions or need to rent out a unit. Thus, no need for a management company. Just an occasional handyman. The lease in for 7 years (10/25) has 3% annual increases built in. The owner is only responsible for taxes, insurance, lawn and maintenance. NOI is $169,702 which is a 8.08% cap rate.
Property Taxes
| Parcel Number | 48-41-15-03-0630 | Improvements Assessment | $1,147,040 |
| Land Assessment | $96,220 | Total Assessment | $1,243,260 |
Property Taxes
Parcel Number
48-41-15-03-0630
Land Assessment
$96,220
Improvements Assessment
$1,147,040
Total Assessment
$1,243,260
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