Courtesy of: Patrick Barnicle, Coldwell Banker Realty, patrick.barnicle@cbrealty.com
Courtesy of: Patrick Barnicle, Coldwell Banker Realty, patrick.barnicle@cbrealty.com
$899,000
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6 bed
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5.00 Bath (5 Full)
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Other
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$899,000
3502 Riverside Drive 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.
Courtesy of: Patrick Barnicle, Coldwell Banker Realty, patrick.barnicle@cbrealty.com
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