8430 NW 40th St - Apartments FOR SALE


Coral Springs, FL 33065- Outer Coral Springs
$3,000,000 USD
786-443-3105
8430 NW 40th St, Coral Springs, FL for Sale
$3,000,000 USD
Apartments - FOR SALE
1/30
null | 5.8% Cap Rate

8430 NW 40th St
Coral Springs, FL 33065
Outer Coral Springs


HIGHLIGHTS

  • Enduring Terracotta Roof & Impact Windows
  • Broward Health Coral Springs Is Located Less Than Two Miles Away
  • Homes Adjacent To Property Selling Over $900,000

OVERVIEW

- 14 unit multifamily investment opportunity located at 8430 NW 40th Street in Coral Springs, Florida. - Built in 1972 with durable concrete construction, the property sits on 0.79 acres - 6 one bedroom units and 8 two bedroom/one bath units, averaging 679 square feet. - 100% occupied with average in place rents of $1,734 per unit - Impact windows, recent new roof, swimming pool - Excellent demographics. Within three-mile radius, the average household income is $98,000, which supports market rents of approximately $2,450 per month using a standard 30% rent to income ratio. - Six units are already equipped with in unit washers and dryers

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$297 USD /SF

# OF UNITS

14

PRICE/UNIT

$214,286

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coral Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

RM-20, Coral Springs

APN/PARCEL ID

48-41-15-05-0210

ASK ABOUT THIS PROPERTY

Calum WeaverCBREMore Info
786-443-3105

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Calum WeaverCBREMore Info
786-443-3105

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