3502 Riverside DR, Coral Springs, FL 33065
3502 Riverside DR, Coral Springs, FL 33065
3502 Riverside DR, Coral Springs, FL 33065
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Monica Brisson

Monica Brisson

+1(561) 235-2978
$899,000
Est. payment /mo
2,513 SqFt
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,513 sqft

Price per Sqft $357

Subdivision Coral Spgs Sub 1 59-30 B

MLS Listing ID F10542493

HOA Y/N Yes

Year Built 1973

Annual Tax Amount $12,903

Tax Year 2024

Property Sub-Type Triplex

Property 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.

Location

State FL

County Broward

Community Coral Spgs Sub 1 59-30 B

Area 3622

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Tile

Exterior

Pool None

Utilities Available Cable Available

Waterfront Description Canal Front,Intersecting Canal,Other

Roof Type Spanish Tile

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block

Others

HOA Fee Include Water

Senior Community No

Restrictions Other Restrictions

Tax ID 484114015580

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Coldwell Banker Realty

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Monica Brisson

Monica Brisson

+1(561) 235-2978

Broker Associate | License ID: 0645316

Broker Associate License ID: 0645316

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3502 Riverside DR