4341 Riverside Dr - Apartments FOR SALE


Coral Springs, FL 33065- Coral Springs Subdivision
$1,225,000 USD
561-929-7317
4341 Riverside Dr, Coral Springs, FL for Sale
$1,225,000 USD
Apartments - FOR SALE
1/13
null | 6.01% Cap Rate

4341 Riverside Dr
Coral Springs, FL 33065
Coral Springs Subdivision


HIGHLIGHTS

  • Central A/C in All Units
  • Four Large 2 Bedroom 2 Bath Residences
  • Private Screened-In Patios for Each Unit
  • Separate Electric Meters
  • Concrete Block Construction
  • On-Site Coin Laundry Income

OVERVIEW

Exceptional 4-unit multifamily property in the heart of Coral Springs, featuring 4 spacious 2-bedroom, 2-bath residences, 8 private parking spaces, central a/c, on-site laundry, strong in-place income, and outstanding long-term rental upside. The property currently generates $103,200 in annual gross income, with the potential to increase gross income to approximately $113,400. Recent upgrades include brand-new stainless steel appliances , updated kitchen cabinetry, fresh interior paint, updated air handlers, and select units featuring 20x20 white porcelain flooring, new closet doors. Each residence offers a desirable split-bedroom floor plan, covered private patio, and separate electric meters. An outstanding investment opportunity offering stable cash flow with upside.

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$309 USD /SF

# OF UNITS

4

PRICE/UNIT

$306,250

CAP RATE

6.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RM-20

APN/PARCEL ID

48-41-14-01-0210

ASK ABOUT THIS PROPERTY

Rodger P Morelli, MBARPM Luxe RealtyMore Info
561-929-7317

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Rodger P Morelli, MBARPM Luxe RealtyMore Info
561-929-7317

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