3501 NW 114th Ln new Save Request In-Person Tour Request Virtual Tour
Coral Springs,FL 33065
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
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 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
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