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    3501 NW 114Th Ln Coral Springs, FL 33065

    For Sale
    $1,499,999

    Four units with stable income near shopping and expressway.

    Building Details

    Year built
    1988

    Source: Lifestyle International Realty Agent Yairo Rincon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Coral Springs Four-Unit Multifamily Property

    This four-unit property is located in Coral Springs. Each unit includes 3 bedrooms and 2 bathrooms, as well as in-unit laundry facilities. Ample parking is available. The property has no Homeowners Association. It is approved for housing vouchers, providing a stable rental income of $10,796 for all units. The gross annual income is $129,552, with estimated annual expenses of $37,000, resulting in a 6.17% capitalization rate. Market rents are approximately $2,800 per month, potentially increasing the capitalization rate to 6.49%. The property is located near Costco, Coral Square Mall, and Sawgrass Mills, and is 2 minutes from the Sawgrass Expressway.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2799723
    Latitude
    26.2742229

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    FAQs

    What type of property is this?
    Quadplex - Four units with stable income near shopping and expressway.
    Where is this quadplex located?
    The property is located at 3501 NW 114Th Ln Coral Springs, FL.
    What is the asking price?
    The asking price for this property is $1,499,999.
    What are key features of this property?
    This property features: - Strong Income Potential: Current gross income of $129,552/year with a 6.17% cap rate, and potential for a 6.49% cap rate with market rents.; - Stable Rental Income: Approved for housing vouchers, ensuring consistent income of $10,796 for all units.; - Four Spacious Units: Each unit features 3 bedrooms and 2 bathrooms.
    (954) 842-0980
    Request Owner's contact information
    3501 NW 114Th Ln Coral Springs, FL 33065
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    Coral Springs, FL 33065
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3501 NW 114Th Ln Coral Springs, FL 33065
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