3700 NW 116th Ter, Coral Springs, FL 33065

Description

Rare opportunity to own a 4-unit property in the heart of Coral Springs. Each unit features 3 bedrooms, 2 bathrooms, in-unit laundry, and ample parking. No HOA. The property is approved for housing vouchers, providing stable rental income of 9750 for all units. Gross income is $117000/year with estimated expenses of $31,000, Market rents are around $2,800/month, pushing the potential cap rate to 6.5%. Conveniently located near Costco, Coral Square Mall, Sawgrass Mills, and just 2 minutes from the Sawgrass Expressway.4 ac units are less than 4 year old.40 year inspection passed.