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USAFLCoral SpringsCastlewood 71-37 B3501 Nw 114Th Ln
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$1,499,999

3501 Nw 114 Th Ln, Coral Springs, FL

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 4464 sqft
Garage No
Taxes $25,094
Days Active 48
Lot Size 
Approx. Age 1988
Avg. Price Per Sqft $336
MLS® Number F10496121

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to own a 4-unit property in the Heart of Coral Springs. Each spacious unit features 3 bedrooms and 2 bathrooms, IN-UNIT laundry, and ample parking. There is no HOA, and The property is Housing voucher approved, offering reliable income and low vacancy risk. The current Housing voucher rent is $2, 700/month per unit, generating a projected gross income of $129, 600/year. With estimated annual expenses of $37, 000, the property delivers a solid 6.17% cap rate. Market rents in the area range from $3, 000–$3, 100/month, allowing for additional upside and a potential cap rate of 7.5%+ with rent adjustments. Prime location: 1 mile to Costco, 5–10 minutes to Coral Square Mall, 15 minutes to Sawgrass Mills, and just 20–25 minutes to FLL AIRPORT. 2 MINUTE DRIVE TO SAWGRASS EXPRESSWAY.Show Description
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Walk Score®
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Transit Score®
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Bike Score®
MLS® NumberF10496121
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1988
Basement
Driveway
Garage Spaces
HeatCentral
A/CCentral Air, Ceiling Fans
Heating Fuel

Extras

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