3502 Riverside Drive, Coral Springs, FL 33065
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- MLS#: F10542493 ( Residential Income )
- Street Address: 3502 Riverside Drive
- Viewed: 49
- Price: $899,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1973
- Bldg sqft: 0
- Days On Market: 119
- 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
- DMCA Notice
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DescriptionFully 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.
Property Location and Similar Properties
Features
Possible Terms
- Cash
- Conventional
Home Owners Association Fee Includes
- Water
Close Date
- 0000-00-00
Cooling
- Central Air
- Electric
Exterior Features
- Balcony
Flooring
- Tile
Heating
- Separate Meters
- Central
- Electric
Legal Description
- CORAL SPRINGS SUB NO 1 59-30 B LOT 15 BLK Y
Parcel Number
- 484114015580
Property Type
- Residential Income
Roof
- Spanish Tile
Sewer
- Public Sewer
Tax Year
- 2024
Utilities
- Cable Available
Views
- 49
Virtual Tour Url
- https://www.propertypanorama.com/3502-Riverside-Dr-Coral-Springs-FL-33065/unbranded
Water Source
- Public
Year Built
- 1973
Zoning Code
- RM-20


