English
Russian
$8,995,000 • waterfront access
Attention developers and investors! here is your chance to purchase 53 units that are 100% rented, and possibly develop 3 acres in the middle of coral springs’ downtown district in the future. 55% of tenants have lived here for over 5 years. located near intersection of university dr. and sample rd. the area is seeing a great redeveloping with cornerstone plaza, a mixed-use property including a full service hotel, luxury apartments, restaurants, and retail space. and coming soon across from cornerstone plaza will be city village. the property consists of 3 one acre parcels with 5 one story buildings and parking. zoned dt-mu (downtown mixed-use). the cap rate is 5.1% with the current rates. market rental rates will bring up the cap rate to 6.9%. current financials available upon request.Income/MultiFamily - Coral Hills
3331 CORAL HILLS DR, CORAL SPRINGS, FL 33065
Date Sold 04-16-2025
Sold Price$8,650,000 Asking Price$8,995,000
Share by:
- Lot size 129809sqft
- Taxes: Register to see
- Year Built 1973
-
Days on market:
13 day(s) Original Price:
$8,995,000Tax Legal Description:
FLA FRUIT LANDS CO SUB NO 2 1-102 PB 21-48-41 TR 1 S 180 OF N 418,LESS W 30 & LESS E 1035-
MLS:
A11736676 -
Property Type:
Income/MultiFamily -
Parking:
Free Parking Guest -
Waterfront:
Yes Waterfront Description:
Canal Front-
Inclusions:
Building & Land
Construction Type:
Cbs ConstructionRoof:
Tile RoofSpecial Listing Conditions:
Sale