$1,000,000
$299K PRICE DROP

Estimated payment $7,191/month

Total Views 1,387
-- Bed
-- Bath
3,240 Sq Ft
$309 Price per Sq Ft

Highlights

  • 15 Feet of Waterfront
  • Tile Flooring
  • 3-minute walk to Castlewood Park
  • Canal Access
  • Central Heating and Cooling System

About This Home

Investment Opportunity: Lakefront 4-Plex in Coral Springs. Great opportunity to acquire a lakefront 4-Plex in Coral Springs. This fully rented property comprises four 2-bedroom, 2-bathroom units, each featuring tile flooring and equipped with private laundry facilities. Recent upgrades include new AC installations. The property's prime location offers proximity to top-rated schools, shopping, and highways, as well as lakefront views. With current rents below market value, this 4-Plex presents significant potential for rent increases and long-term appreciation. A compelling opportunity for investors seeking a high-quality asset in a desirable location.

Listing Agent

Armando

EXP Realty LLC License #3286486

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,319

Year Built

  • Built in 1981

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Spanish Tile Roof

Interior Spaces

  • 3,240 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Canal Access
  • 15 Feet of Waterfront

Listing and Financial Details

  • Rent includes gardener, hot water, sewer, water
  • Assessor Parcel Number 484117060970

Community Details

Overview

  • 4 Units
  • Castlewood 71 37 B Subdivision

Building Details

  • Net Operating Income $55,803

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,319

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Year Built: 1981
  • Architectural Style: Fourplex
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Tile
  • Living Area: 3240.0
  • Window Features: Blinds

Exterior Features

  • Road Frontage Type: Waterfront
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront Features: Canal Access, Other
  • Waterfront: Yes
  • Construction Type: Block, Stucco
  • Property Condition: Resale
  • Roof: Spanish Tile
  • FrontageLengthRemarks: 15

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Hot Water, Sewer, Water
  • Community Features: Non-Gated

Lot Info

  • Parcel #: 484117060970
  • Lot Size: 10148
  • Zoning Description: RM-15

Multi Family

  • Property Net Operating Income: 55803.0
  • Number Of Units Total: 4
  • Total Actual Rent: 91200.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 19319.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,320 $870,800 $71,040 $799,760
2024 $14,068 $771,270 $71,040 $700,230
2023 $14,068 $455,630 $0 $0
2022 $12,799 $414,210 $0 $0
2021 $11,692 $376,560 $0 $0
2020 $10,512 $477,340 $71,040 $406,300
2019 $9,707 $415,130 $71,040 $344,090
2018 $8,340 $362,250 $71,040 $291,210
2017 $7,670 $257,200 $0 $0
2016 $6,919 $233,820 $0 $0
2015 $6,412 $212,570 $0 $0
2014 $5,961 $193,250 $0 $0
2013 -- $187,580 $71,040 $116,540
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2025 03/20/25 Price Changed $1,000,000 -23.0% $309 / Sq Ft
02/19/2025 02/19/25 For Sale $1,299,000 +13.0% $401 / Sq Ft
03/07/2024 03/07/24 Sold $1,150,000 -8.0% $357 / Sq Ft
01/09/2024 01/09/24 For Sale $1,250,000 +38.9% $388 / Sq Ft
11/15/2023 11/15/23 Sold $900,000 -9.9% $278 / Sq Ft
10/26/2023 10/26/23 Pending -- -- --
09/05/2023 09/05/23 For Sale $999,000 -- $308 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,150,000 North Star Title & Escrow
Warranty Deed $900,000 None Listed On Document
Warranty Deed $161,400 --
Source: Public Records

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10487977

BeachesMLS (Greater Fort Lauderdale)

APN: 48-41-17-06-0970