Updated 4-Plex with In-Unit
For Sale
$1,249,000
3775 NW 116th Ter 1-4, Coral Springs, FL 33065
Four 3-bedroom units with updated interiors and in-unit washers and dryers, near a city park.
Property SizeContact for details
Days on Market65
Property Features for 3775 NW 116th Ter 1-4
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Year Built
1975
Tenancy
Multi
Listing Agency:
Fidelity Real Estate Group
(954) 234-7653
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Source:
Elliman
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 18 at 9:17AM
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
Investment Insights
Based on property information with market context.
This 4-plex offers four large 3-bedroom units with updated interiors designed for long-term resident comfort. Improvements noted include newer kitchens, renovated bathrooms, and laminate flooring throughout. Select units feature granite counters and stainless-steel appliances. Each unit includes in-unit washers and dryers, and the property provides plenty of parking.
Located at 3775 NW 116th Ter (units 1-4) in Coral Springs, this rental property is positioned in the heart of West Coral Springs. The public remarks also note proximity to a city park, with views associated with the location.
The property is presented as an income-producing multifamily asset, grossing $10,250 per month, with “room to grow” stated in the offering materials. Reported annual expenses include taxes of $23,368, water of $4,560, estimated insurance of $7,500, and estimated lawn expenses of $900, with trash included in taxes. Total estimated expenses are listed at $36,328, for an “almost a 7 cap” per the provided remarks. This configuration may appeal to buyers seeking a renovated 4-plex with in-unit laundry and straightforward operating expense estimates included in the listing information.
Located at 3775 NW 116th Ter (units 1-4) in Coral Springs, this rental property is positioned in the heart of West Coral Springs. The public remarks also note proximity to a city park, with views associated with the location.
The property is presented as an income-producing multifamily asset, grossing $10,250 per month, with “room to grow” stated in the offering materials. Reported annual expenses include taxes of $23,368, water of $4,560, estimated insurance of $7,500, and estimated lawn expenses of $900, with trash included in taxes. Total estimated expenses are listed at $36,328, for an “almost a 7 cap” per the provided remarks. This configuration may appeal to buyers seeking a renovated 4-plex with in-unit laundry and straightforward operating expense estimates included in the listing information.
Key Highlights
- 1975‑built 4‑plex in West Coral Springs with four large 3‑bedroom units
- Gross income of $10,250 per month, with room to grow per the seller’s remarks
- Updated interiors with newer kitchens, renovated bathrooms, and laminate flooring
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,096
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four 3-bedroom units with updated interiors and in-unit washers and dryers, near a city park.
Where is this quadplex located?
The property is located at 3775 NW 116th Ter 1-4 Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 1975‑built 4‑plex in West Coral Springs with four large 3‑bedroom units; Gross income of $10,250 per month, with room to grow per the seller’s remarks; Updated interiors with newer kitchens, renovated bathrooms, and laminate flooring
