Castlewood, 3501 NW 114th Ln Coral Springs, FL 33065

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.