Coral Springs, FL 33065 3501 NW 114th Ln
$1,499,999
16 more
Presented By: Lifestyle International Realty -
Beds • 12
SQFT • 4,464
Home Details
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.
Presented By: Lifestyle International Realty -
Interior Features for 3501 NW 114th Ln
Other Interior Features
Internet YNYes
CableYes
Cooling DescriptionCeiling Fans, Central Cooling
FlooringTile Floors
Heating DescriptionCentral Heat
Stories2.0000
General for 3501 NW 114th Ln
Area3625
Assoc Fees
Gated CommunityNo
MonthlyNone
Pool Y/NNo
Property TypeResidential Income
Property Type InformationAttached
REONo
Rent IncludesTrash Removal, Water
Section17
StyleFourplex
Subdivision Complex BldgCastlewood 71-37 B
Subdivision NameCastlewood 71-37 B
Type of AssociationNone
Type of PropertyFourplex
Waterfront PropertyNo
Year Built1988
Year Built DescriptionResale
Zoning InformationRM-15
Exterior for 3501 NW 114th Ln
Construction TypeCbs Construction
Lot Description1/4 To Less Than 1/2 Acre Lot
Parking Spaces8
Roof DescriptionCurved/S-Tile Roof
Sewer DescriptionMunicipal Sewer
Additional Details
Price History
Elisabet Schatz
Realtor®
