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  • MLS#: F10512073 ( Residential Income )
  • Street Address: 3501 114th Lane
  • Viewed: 4
  • Price: $1,499,999
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1988
  • Bldg sqft: 0
  • Additional Information
  • Geolocation: 26 / -80
  • County: BROWARD
  • City: Coral Springs
  • Zipcode: 33065
  • Subdivision: Castlewood 71 37 B
  • Provided by: Lifestyle International Realty
  • DMCA Notice
  • 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.
Property Features
Possible Terms
  1. Cash
  2. Conventional
Home Owners Association Fee Includes
  1. Trash
  2. Water
Close Date
  1. 0000-00-00
Cooling
  1. Ceiling Fan(s)
  2. Central Air
Flooring
  1. Tile
Heating
  1. Separate Meters
  2. Central
Legal Description
  1. CASTLEWOOD 71-37 B LOT 6 BLK M
Parcel Number
  1. 484117061400
Pets Allowed
  1. Yes
Property Type
  1. Residential Income
Roof
  1. Spanish Tile
Sewer
  1. Public Sewer
Tax Year
  1. 2023
Utilities
  1. Cable Available
Virtual Tour Url
  1. https://www.propertypanorama.com/3501-NW-114th-Ln-Coral-Springs-FL-33065--F10512073/unbranded
Year Built
  1. 1988
Zoning Code
  1. RM-15