10675-10687 Royal Palm Blvd - Apartments FOR SALE


Coral Springs, FL 33065- Country Club Coral Springs
$2,497,987 USD
954-234-7653
10675-10687 Royal Palm Blvd, Coral Springs, FL for Sale
$2,497,987 USD
Apartments - FOR SALE
1/30
null | 5.95% Cap Rate

10675-10687 Royal Palm Blvd
Coral Springs, FL 33065
Country Club Coral Springs


HIGHLIGHTS

  • Located West Coral Springs
  • Large Corner Lot
  • Current Rents Below Market

OVERVIEW

Fantastic Find In The Heart Of Coral Springs! This 7-Unit Property Sits On Nearly Half An Acre And Offers A Prime Corner-Lot Location. The Property Consists Of One Spacious 3 Bedroom, 2.5 Bath Townhome, Four 3 Bedroom, 2-Bath Units, And Two - 2 Bedroom, 2-Bath Units. Current Rents Are Well Below Market, Creating Tremendous Upside Potential. Every Unit Includes Washer And Dryer, A Private Patio Or Balcony, And Separate Electric Meter, Helping Maximize Rental Income. Projected Annual Gross Income Is $240,000, With Total Estimated Annual Expenses Of $68,389. Estimated Expenses Include Landscaping Of $4,800, Insurance Of $12,000, Water Of $5,400, And Electric Of $1,560. All Information Is Believed To Be Accurate But Is Not Guaranteed.

FOR SALE DETAILS

PRICE

$2,497,987 USD

PRICE/SF

$236 USD /SF

# OF UNITS

7

PRICE/UNIT

$356,855

CAP RATE

5.95%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,531 SF

ZONING

RM-20

APN/PARCEL ID

48-41-20-01-4270

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.