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.
- Swimming Pool
- Heating System
- Cooling System
- Roof:
- Spanish Tile
- Sewer
- State:
- FL
- County:
- Broward
- City:
- Coral Springs
- Zipcode:
- 33065
- Street:
- 3502 Riverside Drive, Coral Springs, Florida 33065
- Longitude:
- W81° 45' 55.8''
- Latitude:
- N26° 16' 24.4''
- Construction Materials:
- Block
- Cumulative DOM:
- 151
- DOM:
- 160
- Flooring:
- Tile
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 484114015580
- Stories Total:
- 1
- Subdivision Name:
- Coral Spgs Sub 1 59-30 B
- Tax Annual Amount:
- $12,903
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
3502 Riverside Drive, Coral Springs, Florida 33065, Coral Springs, Florida 33065
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $899,000
- Square Footage :
- 2,513 Sqft
- Year Built :
- 1973
- MLS # :
- F10542493
- Property Sub Type :
- Triplex
