3501 NW 114th Ln Coral Springs, FL 33065
Wood Lake NeighborhoodEstimated payment $10,463/month
Highlights
- Tile Flooring
- Central Heating and Cooling System
- Ceiling Fan
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $25,094
Year Built
- Built in 1988
Parking
- 8 Parking Spaces
Home Design
- Quadruplex
- Spanish Tile Roof
Interior Spaces
- 4,464 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Tile Flooring
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- 4 Units
- Castlewood 71 37 B Subdivision
Listing and Financial Details
- Assessor Parcel Number 484117061400
Map
Home Values in the Area
Average Home Value in this Area
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 | $24,545 | $999,480 | $99,580 | $899,900 |
| 2024 | $25,094 | $1,027,150 | $99,580 | $927,570 |
| 2023 | $25,094 | $1,059,070 | $99,580 | $959,490 |
| 2022 | $18,013 | $734,120 | $0 | $0 |
| 2021 | $16,538 | $667,390 | $99,580 | $567,810 |
| 2020 | $15,648 | $639,720 | $99,580 | $540,140 |
| 2019 | $15,866 | $648,000 | $99,580 | $548,420 |
| 2018 | $11,962 | $656,750 | $99,580 | $557,170 |
| 2017 | $10,950 | $372,360 | $0 | $0 |
| 2016 | $9,279 | $338,510 | $0 | $0 |
| 2015 | $8,547 | $307,740 | $0 | $0 |
| 2014 | $7,890 | $279,770 | $0 | $0 |
| 2013 | -- | $273,830 | $99,580 | $174,250 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/03/2025 04/03/25 | For Sale | $1,499,999 | +25.0% | $336 / Sq Ft |
| 04/22/2022 04/22/22 | Sold | $1,200,000 | 0.0% | $269 / Sq Ft |
| 03/23/2022 03/23/22 | Pending | -- | -- | -- |
| 03/02/2022 03/02/22 | For Sale | $1,200,000 | 0.0% | $269 / Sq Ft |
| 04/07/2020 04/07/20 | For Rent | $1,800 | 0.0% | -- |
| 04/07/2020 04/07/20 | Rented | $1,800 | 0.0% | -- |
| 08/01/2019 08/01/19 | Rented | $1,800 | 0.0% | -- |
| 08/01/2019 08/01/19 | For Rent | $1,800 | 0.0% | -- |
| 10/31/2018 10/31/18 | Sold | $720,000 | -2.6% | $162 / Sq Ft |
| 10/01/2018 10/01/18 | Pending | -- | -- | -- |
| 09/12/2018 09/12/18 | For Sale | $739,000 | 0.0% | $167 / Sq Ft |
| 02/28/2013 02/28/13 | Rented | $1,135 | -5.4% | -- |
| 01/29/2013 01/29/13 | Under Contract | -- | -- | -- |
| 11/12/2012 11/12/12 | For Rent | $1,200 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $720,000 | Citadel Title & Escrow Compa | |
| Warranty Deed | $500,000 | Gold Coast Title Co Svcs Inc | |
| Warranty Deed | $265,000 | -- | |
| Warranty Deed | $234,900 | -- | |
| Warranty Deed | $189,357 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $187,200 | Commercial |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: F10496121
APN: 48-41-17-06-1400
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