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listing
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Residential IncomeFor Sale
$1,499,999
3501 NW 114th Ln
Coral Springs, FL 33065
Courtesy of Lifestyle International Realty
MLS: Realtors of the Palm Beaches & Greater Fort Lauderdale
4,464Sq Ft
Est. Mortgage
$8,843/mo

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.

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Listing provided courtesy of Lifestyle International Realty
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