FL > Coral Springs > Castlewood 71-37 B
Coral Springs, FL 33065,3501 NW 114th Ln
Coral Springs, FL 33065,3501 NW 114th Ln
Coral Springs, FL 33065,3501 NW 114th Ln
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$1,499,999
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4,464 SqFt
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3501 NW 114th Ln Coral Springs, FL 33065

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Brian B Elam

Brian B Elam

+1(407) 694-8361

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,464 sqft

Price per Sqft $336

Subdivision Castlewood 71-37 B

MLS Listing ID F10496121

Style Fourplex

Construction Status Resale

HOA Y/N Yes

Year Built 1988

Annual Tax Amount $25,094

Tax Year 2023

Property Sub-Type Fourplex

Property 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.

Location

State FL

County Broward County

Area North Broward 441 To Everglades (3611-3642)

Zoning RM-15

Interior

Heating Central Heat

Cooling Ceiling Fans, Central Cooling

Flooring Tile Floors

Exterior

Water Access N

Roof Type Curved/S-Tile Roof

Private Pool No

Building

Lot Description 1/4 To Less Than 1/2 Acre Lot

Story 2.0000

Foundation Cbs Construction

Sewer Municipal Sewer

Construction Status Resale

Others

Pets Allowed No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

BeachesMLS Matrix (RAPB-F prefix)
Listed by Lifestyle International Realty

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agent

Brian B Elam

Broker Associate | License ID: 3504316

+1(407) 694-8361

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3501 NW 114th Ln