3502 Riverside Drive, Coral Springs, FL 33065
  • MLS#: F10542493 ( Residential Income )
  • Street Address: 3502 Riverside Drive
  • Viewed: 7
  • Price: $899,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1973
  • Bldg sqft: 0
  • Additional Information
  • Geolocation: 26 / -80
  • County: BROWARD
  • City: Coral Springs
  • Zipcode: 33065
  • Subdivision: Coral Spgs Sub 1 59 30 B
  • Provided by: Coldwell Banker Realty
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  • 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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Features
Possible Terms
  1. Cash
  2. Conventional
Home Owners Association Fee Includes
  1. Water
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Electric
Flooring
  1. Tile
Heating
  1. Separate Meters
  2. Central
  3. Electric
Legal Description
  1. CORAL SPRINGS SUB NO 1 59-30 B LOT 15 BLK Y
Parcel Number
  1. 484114015580
Property Type
  1. Residential Income
Roof
  1. Spanish Tile
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Utilities
  1. Cable Available
Virtual Tour Url
  1. https://www.propertypanorama.com/3502-Riverside-Dr-Coral-Springs-FL-33065/unbranded
Water Source
  1. Public
Year Built
  1. 1973
Zoning Code
  1. RM-20
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