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  • MLS#: F10542493 ( Residential Income )
  • Street Address: 3502 Riverside Drive
  • Viewed: 24
  • Price: $899,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1973
  • Bldg sqft: 0
  • Days On Market: 108
  • 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.
Property 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
Exterior Features
  1. Balcony
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
Views
  1. 24
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