AvailableMultifamily Sale

6 Coral Springs Units

10201 NW 35th St, Coral Springs, FL 33065

Offering Price$1,790,000
Units6
Living SF5,387 SF
Building5,387 SF
Land14,866 SF
Actual Cap5%
Proforma Cap7%
6 Coral Springs Units listed by Fidelity Real Estate Group
Property Overview

Investment Opportunity

Well-Maintained 6-Unit, In The Heart Of Coral Springs! This Multifamily Property Sits On An Oversized Corner Lot Spanning 14,866 Sq Ft And Offers An Excellent Unit Mix Consisting Of Two 3-Bed 2-Bath, Two 2-Bed 2-Bath, & Two 1-Bed 1.5 Bath. Most Units Have Been Updated Over The Last Few Years With Modern Kitchens And Updated Flooring. Building Features A 2007 Roof, Hurricane Impact Windows And Doors, And Central A/C. Rents Are Currently Below Market With A Current Gross Of $127,800, Annual Expenses Of $36,320, Including Taxes $23,930, Lawn Maintenance $1,200, Insurance (No Wind) $5,250, Water $5,400, And House Electric Of $540, With Trash Included In Taxes. A Rare Opportunity To Acquire A Stable Asset In A Prime Coral Springs Location With Built-In Value-Add Potential. A Must See!!!

Property Information

Property Details

Property Basics

Property CategoryMultifamily Sale
Units6
Year Built1985
CountyBroward
ZoningRM-20
APN4841-16-06-1470
Living SF5,387 SF
Building SF5,387 SF
Land SF14,866 SF
Land Acres0.34

Building & Systems

Number of Buildings1
Number of Stories2
Electric Meters6
Water Meters1
LaundryShared Laundry Room - Coin Operated
Roof TypeHIP OR GABLE
Roof Year2006
HVACCentral

Investment Metrics

Price Per Unit$298,333
Price Per Building SF$332.28 / SF
Price Per Land SF$120.41 / SF

Property Improvements

Some Units
Kithens

Updated

Some Units
Flooring
Some Units
Newer Inside Units

A/C

One Newer A/C
A/C
Financial Overview

Investment Financials

Actual Financials

Gross Income$132,000
Operating Expenses$34,881
Net Operating Income$97,119
Cap Rate5%

Unit Mix

10201
Occupied
Bed/Bath3/2
Actual Rent$2,000
Proforma Rent$2,600
LeaseMTM
10207
Occupied
Bed/Bath3/2
Actual Rent$2,600
Proforma Rent$2,300
LeaseMTM
10205
Occupied
Bed/Bath2/2
Actual Rent$1,500
Proforma Rent$2,300
LeaseMTM
10211
Occupied
Bed/Bath2/2
Actual Rent$1,800
Proforma Rent$2,300
LeaseMTM
10203
Occupied
Bed/Bath1/1
Actual Rent$1,500
Proforma Rent$1,800
LeaseMTM
10209
Occupied
Bed/Bath1/1
Actual Rent$1,500
Proforma Rent$1,800
LeaseMTM

Expense Breakdown

Taxes$23,931.00
Insurance$5,250.00
Water$4,500
Landscaping$1,200
Total Expenses$34,881

Additional Income

  • Laundry | Actual Monthly: $100 | Actual Annual: $1200 | Proforma Annual: $1200

Expense Notes

Insurance No Wind. Trash included with taxes

Income and expense information is believed to be accurate but is not guaranteed. All figures should be independently verified by the buyer and/or buyer's representatives as part of their due diligence.

Property Photos

Photo Gallery

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