Basic Information

  • MLS # F10496121
  • Type Duplex / Quad Plex / Triplex
  • Status Active
  • Subdivision/Complex Castlewood 71-37 B
  • Year Built 1988
  • Total Sqft 4,464
  • Date Listed 04/04/2025
  • Days on Market 21
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 Housing voucher approved, offering reliable income and low vacancy risk. The current Housing voucher 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.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Design Description Fourplex
  • Parking Description
  • Roof Description Spanish Tile

Interior Features

  • Adjusted Sqft 4,464Sq.Ft
  • Cooling Description Central Air, Ceiling Fans
  • Floor Description Tile
  • Heating Description Central
  • Sqft 4,464 Sq.Ft

Property Features

  • Address 3501 N W114th Ln
  • Architectural Style Fourplex
  • City Coral Springs
  • Community Features Non Gated
  • Construction Materials Block
  • County Broward
  • Furnished Info No
  • Levels Two
  • Listing Terms Cash, Conventional
  • Lot Description Quarter To Half Acre Lot
  • Lot Features Quarter To Half Acre Lot
  • Pool Features None
  • Possession Close Of Escrow
  • Postal City Coral Springs
  • Public Survey Section Two
  • Public Survey Township 4841
  • Roof Spanish Tile
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 2
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Castlewood 71-37 B
  • Tax Amount $25,094
  • Tax Information C A S T L E W O O D71-37 B L O T6 B L K M
  • Tax Year 2023
  • Terms Considered Cash, Conventional
  • Type of Property Quadruplex

3501 NW 114th Ln

Coral Springs, FL 33065

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Lifestyle International Realty. tel: (305) 809-8085

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