Residential Income
3735 NW 116th Ter Coral Springs, FL 33065
New
For Sale
$1,075,000
Quadplex offered for sale as a residential income property with 3,659 square feet total size.
Property Size3,659 SF
Price / SF$293.80
Days on Market7
Property Features for 3735 NW 116th Ter
General Information
Standard status
Active
Size
3,659 SF
Property subtype
Quadruplex
Building Details
Year Built
1974
Listing Agency:
Avanti Way Realty LLC
(305) 332-6452
Listed By:
Juan Patino · License #A11982609
(305) 332-6452
Source:
Riserealty
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 27 at 5:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avanti Way Realty LLC
Investment Insights
Based on property information with market context.
This quadplex is offered for sale as a residential income property and totals 3,659 square feet.
The property is located at 3735 NW 116th Ter in Coral Springs, Florida.
As a multifamily asset with four residential units, it may appeal to investors looking for ongoing rental income potential within a quadplex configuration.
The property is located at 3735 NW 116th Ter in Coral Springs, Florida.
As a multifamily asset with four residential units, it may appeal to investors looking for ongoing rental income potential within a quadplex configuration.
Key Highlights
- Quadplex built in 1974
- Residential income property with 3,659 SF total size
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.4k | $25.80 |
| − Vacancy | −$4.0k | −$1.10 |
| EGI | $90.4k | $24.70 |
| − OpEx | −$27.1k | −$7.41 |
| NOI | $63.3k | $17.29 |
3,659 SF · lease $25.80/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$903.7K
$790.8K – $1.05M
NOI $63,260 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$833.6K
$729.4K – $972.5K
NOI $58,349 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$6.24M
$5.46M – $7.28M
NOI $436,776 @ 7.0% cap · market cap 40.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex offered for sale as a residential income property with 3,659 square feet total size.
Where is this quadplex located?
The property is located at 3735 NW 116th Ter Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Quadplex built in 1974; Residential income property with 3,659 SF total size
