$2,100,000
$2,100,000
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8702 NW 38th Dr Coral Springs, FL 33065
6,900 SqFt
Key Details
Sold Price $2,100,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,900 sqft
Price per Sqft $304
Subdivision Village Green
MLS Listing ID F10173991
Sold Date 10/04/19
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1986
Annual Tax Amount $11,973
Tax Year 2018
Property Description
This is a rare find, cash cow. Cap Rate 9.4. Property is being leased for 4 years to the same tenant and has remaining 4 year lease with option to renew. One tenant paying $15,834. per month. Property is in excellent condition. Pictures in the MLS are only 3 weeks old. Fully redone in 2015 and tenants keep it beautifully. Gross of $190,008. Tax, Insurance and Land Scape $17,981. With a Net of about $165,128.00.
Location
State FL
County Broward County
Community Coral Spring Village
Area North Broward 441 To Everglades (3611-3642)
Zoning RM-20
Interior
Heating Central Heat, Electric Heat
Cooling Ceiling Fans, Central Cooling
Flooring Ceramic Floor
Exterior
Exterior Feature Balconies
Waterfront Description Pond Front
Water Access Y
Water Access Desc None
Roof Type Barrel Roof
Private Pool No
Building
Lot Description 1/4 To Less Than 1/2 Acre Lot
Story 2.0000
Foundation Concrete Block Construction
Sewer Municipal Sewer
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Special Listing Condition As Is, Corporation Owned Property, Documents Available
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