3502 Riverside Drive, Coral Springs FL 33065

For sale Days on market 156

Coral Spgs Sub 1 59-30 B [ Triplex ]

$899,000

$358/sq ft

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Overview

Year Built

1973

Sqft

2513

Property 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.

Property Details

MLS#

F10542493

Total Floor in Bldg

Building

Coral Spgs Sub 1 59-30 B

Address

3502 Riverside

City

Coral Springs

State/county

Zip/Postal Code

33065

Area

Coral Spgs Sub 1 59-30 B

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$12,903

Maint Fee

$--

Tax Year

2024

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