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3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
3502 Riverside Dr
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$899,000

3502 Riverside Dr

2,513 Sq.Ft.

Description

Fully leased and income-producing triplex in highly desirable Coral Springs. Excellent opportunity for an investor seeking immediate cash flow in a strong rental market. Property is fully occupied and generates approximately $72,000 in gross annual rent. Estimated total landlord expenses including taxes are approximately $20,000 annually, producing an estimated Net Operating Income of approximately $52,000. Based on an estimated market value of $900,000, this property offers an approximate 5.8% cap rate.Each unit enjoys on-site parking, private yard space, and the property backs up to a canal, offering added privacy and appeal for long-term tenant retention. Located in a sought-after residential community near shopping, major roadways, parks, and schools. Strong demand area with consistent rental history. This is a turn-key multifamily asset offering dependable performance and long-term appreciation potential. Investors only; do not disturb tenants. Showings by appointment only.

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Location

3502 Riverside Drive, Coral Springs, Coral Springs, FL 33065

Status

For Sale
Patrick  Barnicle

Patrick Barnicle

TITLE

REALTOR®

Property Amenities

Interior
Flooring Tile
Area & Lot
Living area 2,513 Sq.Ft.
MLS® ID F10542493
Year Built 1973
Water Frontage Canal Front, Other
Type Multi-Family
Status For Sale
Exterior
Stories 1
Air conditioning Central Air, Electric
Heat type Central, Electric, Separate Meters
Water Source Public
Sewer Public Sewer
Other Exterior Features Balcony
Lot Features 1/4 Acre
Roof Spanish Tile
Utilities Cable Available
Finance
Sales Price $899,000
Real Estate Tax $12,903 yearly

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Schedule a Showing

I would love to help you see this beautiful home! As a full-service brokerage, I can arrange a tour. Please submit an offer and answer questions about the buying process.

Schedule a Showing

I would love to help you see this beautiful home! As a full-service brokerage, I can arrange a tour. Please submit an offer and answer questions about the buying process.

Thank you for your interest in 3502 Riverside Drive, Coral Springs, Coral Springs, FL 33065. We are reviewing your request and will be in touch shortly!

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