PRICED AT ONLY: $1,499,999
Address: 3501 114th Lane, Coral Springs, FL 33065
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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- MLS#: F10512073 ( Residential Income )
- Street Address: 3501 114th Lane
- Viewed: 13
- 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
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: 13
- Zoning Code: RM-15
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Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
