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33572765
33572766

3502 Riverside Drive, Coral Springs, FL 33065

Coldwell Banker Realty
Listed by Coldwell Banker Realty
$899,000
160 days on market
Updated 4 days ago

Coral Spgs Sub 1 59-30 B

Details
APN 484114015580
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,513
Units 3
Year Built 1973
Zoning RM-20

Multifamily | 3 Units

Marketing description

Fully leased and income-producing triplex in highly desirable Coral Springs. Excellent opportunity for an investor seeking immediate cash flow in a strong rental market. Property is fully occupied and generates approximately $72,000 in gross annual rent. Estimated total landlord expenses including taxes are approximately $20,000 annually, producing an estimated Net Operating Income of approximately $52,000. Based on an estimated market value of $900,000, this property offers an approximate 5.8% cap rate.Each unit enjoys on-site parking, private yard space, and the property backs up to a canal, offering added privacy and appeal for long-term tenant retention. Located in a sought-after residential community near shopping, major roadways, parks, and schools. Strong demand area with consistent rental history. This is a turn-key multifamily asset offering dependable performance and long-term appreciation potential. Investors only; do not disturb tenants. Showings by appointment only.
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Listing Contacts

Coldwell Banker Realty
Listed by Coldwell Banker Realty

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