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
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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Peterson Simon

Peterson Simon

+1(561) 543-8375
$ 1,499,999
Est. payment | /mo

4,464 SqFt

Save
$ 1,499,999
Est. payment | /mo
Save

4,464 SqFt

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 Section 8 approved, offering reliable income and low vacancy risk. The current Section 8 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

GET MORE INFORMATION

agent
Peterson Simon

Agent | License ID: SL3358674

+1(561) 543-8375 | psimonrealty@gmail.com

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3501 NW 114th Ln