$ 899,000
-
$899,000
Price -
6
Bed -
5
Bath -
2,513
SqFt
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About the Listing CBRI64 - 3514022
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.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 5 Full
- Appliances:
- Air Cond: Central Air,Electric
- Heating: Central,Electric,Separate Meters
- Fireplaces:
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: < 1/4 Acre
- Garage Capacity: N/A
- Zoning: RM-20
- Roof: Spanish Tile
- Others: Balcony
- Sewer: Public Sewer
Financial Details
- Tax Amount: $12,903
- Taxes w/Assessments: $517,800
- Tax/Property ID: 484114015580
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
3502 Riverside Drive, Coral Springs, Fl 33065 Coral Springs, FL 33065
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