3501 114th Lane, Coral Springs, FL 33065
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  • MLS#: F10512073 ( Residential Income )
  • Street Address: 3501 114th Lane
  • Viewed: 23
  • 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.
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Features
Building and Construction
  • Flooring: Tile
  • Roof: Spanish Tile
Utilities
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Separate Meters, Central
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
Finance and Tax Information
  • Home Owners Association Fee Includes: Trash, Water
  • Tax Year: 2023
Other Features
  • Legal Description: CASTLEWOOD 71-37 B LOT 6 BLK M
  • Parcel Number: 484117061400
  • Views: 23
  • Zoning Code: RM-15