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
Active

3501 NW 114th Ln Coral Springs, FL 33065

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YourWayHome Team

YourWayHome Team

Fathom Realty & YourWayHome

+1(303) 554-7652

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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 F10512073

Style Fourplex

Construction Status Resale

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 unit features 3 bedrooms, 2 bathrooms, in-unit laundry, and ample parking. No HOA. The property is approved for housing vouchers, providing stable rental income of $10,796 for all units. Gross income is $129,552/year with estimated expenses of $37,000, this offers a strong 6.17% cap rate. Market rents are around $2,800/month, pushing the potential cap rate to 6.49%. Conveniently located near Costco, Coral Square Mall, Sawgrass Mills, and just 2 minutes from the 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

Roof Type Curved/S-Tile Roof

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

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/3501-NW-114th-Ln-Coral-Springs-FL-33065--F10512073/unbranded

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

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YourWayHome Team

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+1(303) 554-7652

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3501 NW 114th Ln