Entry-Level
Multifamily sold in Castlewood3501 NW 114th Ln #1-4, Coral Springs, FL 33065Rare 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.