8702 Nw 38th Dr

$2,100,000, 6,900 Sqft

About This Property

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.

Essential Information

MLS® #F10173991
Square Footage6,900
Year Built1986
TypeResidential Income
StatusBackup Contract-Call LA
HOA Fee FrequencyNone

Community Information

Address8702 Nw 38th Dr
CityCoral Springs
CountyBroward County
Zip Code33065


Parking Spaces14
Is WaterfrontYes
WaterfrontPond Front


HeatingCentral Heat, Electric Heat
CoolingCeiling Fans, Central Cooling
# of Stories2
FloorCeramic Floor


Exterior FeaturesBalconies
Lot Description1/4 To Less Than 1/2 Acre Lot
RoofBarrel Roof
ConstructionConcrete Block Construction

Additional Information

Days on Market175

Listing Details

OfficeReal Estate Consultants Of Bro

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