Coral Springs | 4291 NW 114th Ter
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Coral Springs 4291 NW 114th Ter
5 Unit Apartment Building $1,750,000 ($350,000/Unit) 5.32% Cap Rate Coral Springs, FL 33065
Executive Summary
Don't Miss Out The Opportunity Own This Amazing 2 Story 5 Unit Coral Springs Water Front Property On Over A Quarter Acre! Units Consist Of Four 3 Bedroom 2 Bath Units + A Spacious 2 Bedroom 2 1/2 Bath Townhome. All Units Have Washer/Dryer Hookups. Building Has A Newer Roof (About 7 Years Old). Upstairs Units Have Private Balconies With Panoramic Views Of The Water. All Units Are Currently Occupied With An Annual Gross Income Of $139,200. Total Expenses Are $46,047. Expenses Include: Taxes $19,847 Landscaping: $1,200 Insurance: $22,000 Water: $3,000. With A Net Income Of $93,153. This Is A Must See.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,750,000 | Building Class | C |
| Price Per Unit | $350,000 | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 5,468 SF |
| Cap Rate | 5.32% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,750,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 5,468 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1989 |
| Parking Ratio | 1.28/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Range
- Walk-In Closets
- Yard
- Lawn
- Pantry
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $2,300 | - |
| 2+2.5 | 1 | $2,300 | - |
PROPERTY TAXES
| Parcel Number | 48-41-17-02-0790 | Total Assessment | $984,980 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
48-41-17-02-0790
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$984,980
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | RM-15 (LOW MEDIUM DENSITY MULTIPLE-FAMILY) |
| RM-15 (LOW MEDIUM DENSITY MULTIPLE-FAMILY) |
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Coral Springs | 4291 NW 114th Ter
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