3775 NW 116th Terrace Coral Springs, FL 33065
Wood Lake NeighborhoodEstimated payment $8,963/month
Highlights
- No HOA
- Central Heating and Cooling System
- 3-minute walk to Castlewood Park
- Ceramic Tile Flooring
- 1-Story Property
About This Home
Investor's Dream – Priced to Sell!
This exceptional investment opportunity in the heart of Coral Springs. One-story fourplex sits on an expansive lot and features four spacious units, each offering 3 beds and 1.5 baths—a rare find in today’s market. All units have been substantially renovated, with in-unit washers and dryers in three out of four. The roof and structure are in excellent condition, providing peace of mind for years to come. With 10 dedicated parking spaces and a prime location next to a scenic park featuring a basketball court, playground, and lush green space. All units are currently fully rented, with strong rental upside potential. Whether you're a seasoned investor or entering the multifamily market, this property is a smart addition to any portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,358
Year Built
- Built in 1976
Parking
- 10 Parking Spaces
Home Design
- Quadruplex
- Substantially Remodeled
- Barrel Roof Shape
Interior Spaces
- 3,819 Sq Ft Home
- 1-Story Property
- Ceramic Tile Flooring
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Rent includes hot water, gardener, sewer, trash collection, water
- Assessor Parcel Number 484117060640
Community Details
Overview
- No Home Owners Association
- 4 Units
- Castlewood Condos
- Castlewood Subdivision
Building Details
- Operating Expense $42,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $23,358 | $969,510 | $70,000 | $899,510 |
| 2024 | $18,721 | $969,510 | $70,000 | $899,510 |
| 2023 | $18,721 | $750,340 | $70,000 | $680,340 |
| 2022 | $17,504 | $710,820 | $70,000 | $640,820 |
| 2021 | $16,004 | $634,820 | $0 | $0 |
| 2020 | $14,597 | $610,220 | $70,000 | $540,220 |
| 2019 | $13,519 | $549,140 | $70,000 | $479,140 |
| 2018 | $11,734 | $476,960 | $70,000 | $406,960 |
| 2017 | $8,628 | $279,520 | $0 | $0 |
| 2016 | $7,424 | $254,110 | $0 | $0 |
| 2015 | $6,858 | $231,010 | $0 | $0 |
| 2014 | $6,357 | $210,010 | $0 | $0 |
| 2013 | -- | $206,450 | $70,000 | $136,450 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/01/2025 09/01/25 | For Sale | $1,290,000 | 0.0% | $338 / Sq Ft |
| 07/18/2025 07/18/25 | Off Market | $1,290,000 | -- | -- |
| 07/01/2025 07/01/25 | For Sale | $1,290,000 | +20.0% | $338 / Sq Ft |
| 06/20/2023 06/20/23 | Sold | $1,075,000 | -8.9% | $281 / Sq Ft |
| 02/25/2023 02/25/23 | For Sale | $1,180,000 | +49.4% | $309 / Sq Ft |
| 12/29/2021 12/29/21 | Sold | $790,000 | -1.3% | $207 / Sq Ft |
| 11/29/2021 11/29/21 | Pending | -- | -- | -- |
| 09/20/2021 09/20/21 | For Sale | $800,000 | +45.5% | $209 / Sq Ft |
| 08/30/2017 08/30/17 | Sold | $550,000 | -8.3% | $132 / Sq Ft |
| 07/31/2017 07/31/17 | Pending | -- | -- | -- |
| 04/18/2017 04/18/17 | For Sale | $600,000 | -- | $144 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Enterprise Title Inc | |
| Deed | -- | Attorney | |
| Warranty Deed | $550,000 | Attorney | |
| Warranty Deed | $395,000 | -- | |
| Warranty Deed | $326,000 | Citizens Title Services Inc | |
| Warranty Deed | $200,000 | -- | |
| Warranty Deed | $300,000 | -- | |
| Warranty Deed | $200,000 | -- | |
| Warranty Deed | $160,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $400,000 | Commercial | |
| Previous Owner | $260,000 | Construction | |
| Previous Owner | $250,000 | Commercial | |
| Previous Owner | $354,250 | Commercial | |
| Previous Owner | $316,000 | Commercial | |
| Previous Owner | $260,800 | Commercial | |
| Previous Owner | $270,000 | Commercial | |
| Previous Owner | $180,000 | Commercial | |
| Previous Owner | $128,000 | Commercial | |
| Closed | $32,600 | No Value Available |
Source: MIAMI REALTORS® MLS
MLS Number: A11832203
APN: 48-41-17-06-0640
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