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Gelfand Realty Miami Properties for Sale - Commercial for Sale

11551 ROYAL PALM BLVD, CORAL SPRINGS, FL 33065

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Commercial - for Sale

11551 ROYAL PALM BLVD, CORAL SPRINGS, FL 33065

Asking Price$1,790,000

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  • Year Built 1985
  • Days on market:

    147 day(s)
  • Tax Legal Description:

    CORAL SPRINGS COUNTRY CLUB WEST 70-41 B LOT 22 BLK L
  • Tax Year:

    2022
  • Property Type:

    Commercial
  • Parking:

    Common Parking
  • Construction Type:

    Cbs Construction
  • Cooling Description:

    Central Individual A/C
  • Heating Description:

    Central Individual A/C
  • Floor Description:

    Tile FloorsCarpeted Floors
  • Sewer Description:

    Other Sewer

Description

$1,790,000

5 unit building on over a quarter acre, located directly on royal palm blvd. all units are extremely large townhomes which include two units are 3 bedroom 2 1/2 baths. three units are 2 bedroom 2 1/2 baths. total square feet for entire building is around 7500sqft. all units have private screened patio, eat in kitchen, full dinning and living. all units have full size washers/dryers. current rents are way below market, some tenants have been there for over ten years. tremendous upside. projected annual gross income is $145,548. annual expenses are $34,038. expenses include taxes (trash included) $20,414 landscaping:$4,284 insurance: $4,600 water: $4,500 electric (house): $240. buildings like this are rarely available in coral springs so don't miss out on this one! this is a must see!

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