Multifamily in Coral Springs, FL 33065Castlewood, 3501 NW 114th Ln #1-4
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OFF MARKET
$1,499,999
Beds
4,464
SqFt$336
$/SqFtEntry-Level Multifamily
Built in 1988
Fourplex
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.
Listing Courtesy Of: Lifestyle International Realty
Local Realty Services Provided By: Best of Luxury Realty
On Site: 565 DaysUpdated: 547 Days agoPage Views: 0
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Features
MLS Number: F10496121
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Central
- Cooling Description: CentralAir, CeilingFans
Building and Construction
- Floor Description: Tile
- Year Built: 1988
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-04-04T13:02:33.000-00:00
Taxes, Fees & More
- Taxes: 25094
- Total Units in Building: 4
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
04/04/2025
Listed
$1.5M
$336 ft2
$3,617 m2
04/04/2025
$1.5M
Event
Listed
Price Per
$336 ft2
$3,617 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Yairo Rincon • Lifestyle International Realty • Buyer Agency Compensation .
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Community Snapshot
$1.1M – $1.2M
Price Tier
1,260 - 5,206
SqFt Range
1982
Year Build
2
Total Floors
Subdivision Amenities
None
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