3775 NW 116th Terrace Coral Springs, FL 33065
MULTI_FAMILY - Coral Springs, FL
Property Features for 3775 NW 116th Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-15
- Bedrooms
- 12
- Rooms
- Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 11, Bedroom 9, Bathroom 1, Bedroom 6, Bathroom 7, Bathroom 2, Bedroom 12, Bedroom 4, Bedroom 5, Bathroom 5, Bedroom 8, Bedroom 7, Bedroom 10, Bathroom 6
- Exterior features
- Garden
- Standard status
- Active
- APN
- 484117060640
- Size
- 3,819 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CASTLEWOOD 71-37 B LOT 15 BLK E
- Tax Annual Amount
- 23368
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile - Ceramic
- Building materials
- CBS
- Roof type
- Tile
Listing agent Carlos A Montoya License #0623048 (954) 234-7653
Listing office Fidelity Real Estate Group LLC 10100 W Sample Road Ste.401, CORAL SPRINGS, FL (954) 345-9144
Listing date Jun 10, 2026
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Coral Springs, Florida and zoned RM-15, the building is described as being in the heart of West Coral Springs. Public remarks note the property sits next to a city park, with views.
The unit mix and in-home laundry amenities make this 4-plex a practical fit for tenants seeking more space and day-to-day functionality. The listing also reports grossing $10,250 per month and includes annual expense estimates for taxes, water, insurance, lawn, and trash (noted as included in taxes). Recent improvements such as kitchen and bath renovations provide a foundation for continued tenant appeal within the established multifamily setting.
Local 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 | $98.5k | $25.80 |
| − Vacancy | −$4.2k | −$1.10 |
| EGI | $94.3k | $24.70 |
| − OpEx | −$28.3k | −$7.41 |
| NOI | $66.0k | $17.29 |
