4-Unit Quadplex with Updated
For Sale
$1,239,000
3775 NW 116th Terrace # 4 Unit 1-4, Coral Springs, FL 33065
RM-15 multifamily property with renovated bathrooms, in-unit laundry, and parking serving four three-bedroom residences.
Property Size3,819 SF
Days on Market131
Property Features for 3775 NW 116th Terrace # 4 Unit 1-4
General Information
Standard status
Active
Size
3,819 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 3BR
Multifamily Units
4
Additional Details
Gross Income
$123,000
Taxes and HOA fees
Annual Taxes
$23,368
Amenities
in-unit washer and dryer
Building Details
Building Size
3,819 SF
Year Built
1975
Buildings
1
Listing Agency:
Fidelity Real Estate Group LLC
Listed By:
Carlos A Montoya · License #0623048
(954) 345-9144
Source:
Relinkre
Added: Jun 10
Changed: Oct 16
Last Checked: Oct 16 at 3:31PM
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 Fidelity Real Estate Group LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,819-square-foot quadplex contains four three-bedroom residences and was constructed in 1975. Interior improvements include newer kitchens, renovated bathrooms, and laminate flooring. Selected units feature granite countertops and stainless-steel appliances, while each residence includes an in-unit washer and dryer.
The property is zoned RM-15 and includes on-site parking. Its setting next to a city park provides views toward the park and places the building within the Coral Springs rental market. The property address is 3775 NW 116th Terrace, Coral Springs, Florida 33065.
The property is zoned RM-15 and includes on-site parking. Its setting next to a city park provides views toward the park and places the building within the Coral Springs rental market. The property address is 3775 NW 116th Terrace, Coral Springs, Florida 33065.
Key Highlights
- Four three‑bedroom units within a 3,819‑square‑foot quadplex
- RM‑15 zoning
- Updated kitchens and renovated bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,026
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,520
$1.3M
Cap Rate 7%
$943,229
$943.2K
Cap Rate 9%
$733,622
$733.6K
Market Conditions
NOI Build-Up for 3,819 SF
Gross rent
$98.5K $25.80/SF
− Vacancy
−$4.2K −$1.10/SF
EGI
$94.3K $24.70/SF
− OpEx
−$28.3K −$7.41/SF
NOI
$66.0K $17.29/SF
Area
Coral Springs, FL
Vacancy
4.27%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,520
Cap Rate 7%
$943,229
Cap Rate 9%
$733,622
Alternative Uses
Best Use
Multifamily LT 5
$943.2K
$825.3K – $1.10M
NOI $66,026 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$870.0K
$761.3K – $1.02M
NOI $60,900 @ 7.0% cap · market cap 4.92%
Theoretical Best
Specialty Retail
$6.51M
$5.70M – $7.60M
NOI $455,875 @ 7.0% cap · market cap 36.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - RM-15 multifamily property with renovated bathrooms, in-unit laundry, and parking serving four three-bedroom residences.
Where is this quadplex located?
The property is located at 3775 NW 116th Terrace # 4 Unit 1-4 Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,239,000.
What are key features of this property?
This property features: Four three‑bedroom units within a 3,819‑square‑foot quadplex; RM‑15 zoning; Updated kitchens and renovated bathrooms
