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.
For sale
$1,499,999
3501 NW 114th Ln, Coral Springs, FL 33065
12beds
8baths
4,464sqft
Est.:
Quadruplex
Built in 1988
-- sqft lot
$1,389,300 Zestimate®
$336/sqft
$-- HOA
What's special
Ample parkingIn-unit laundry
- 105 days |
- 378 |
- 31 |
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