10201 NW 35th St - Multi-Family FOR SALE


Coral Springs, FL 33065- Outer Coral Springs
$1,790,000 USD
954-234-7653
10201 NW 35th St, Coral Springs, FL for Sale
$1,790,000 USD
Multi-Family - FOR SALE
1/37
null | 5.11% Cap Rate

10201 NW 35th St
Coral Springs, FL 33065
Outer Coral Springs


HIGHLIGHTS

  • Large Corner Location
  • Centrally Located
  • Hurricane Impact Windows & Doors

OVERVIEW

Fantastic Find In The Heart Of Coral Springs! This Well-Maintained 6-Unit Multifamily Property Sits On An Oversized Corner Lot Spanning 14,866 Sq Ft And Offers An Excellent Unit Mix Consisting Of Two 3-Bedroom / 2-Bath Units, Two 2-Bedroom / 2-Bath Units, And Two 1-Bedroom / 1 and 1/2-Bath Units. Most Units Have Been Tastefully Updated Over The Last Few Years With Modern Kitchens And Updated Flooring, Enhancing Both Appeal And Long-Term Value. The Building Features A 2007 Roof, Hurricane Impact Windows And Doors, And Central Air Conditioning Throughout. Rents Are Currently Below Market, Presenting A Strong Upside Opportunity For Increased Cash Flow. The Property Generates A Current Gross Income Of $127,800, With Annual Expenses Of $36,320, Including Taxes Of $23,930, Lawn Maintenance Of $1,200, Insurance (No Wind) Of $5,250, Water Of $5,400, And House Electric Of $540, With Trash Included In Taxes. A Rare Opportunity To Acquire A Stable Asset In A Prime Coral Springs Location With Built-In Value-Add Potential.

FOR SALE DETAILS

PRICE

$1,790,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

6

PRICE/UNIT

$298,333

CAP RATE

5.11%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Units West Coral Springs

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

12

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

rm-20

APN/PARCEL ID

48-41-16-06-1470

ASK ABOUT THIS PROPERTY

Carlos MontoyaFidelity Real Estate GroupMore Info
954-234-7653

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Carlos MontoyaFidelity Real Estate GroupMore Info
954-234-7653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.