About 3502 Riverside Dr
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.
Residential Income property for sale in Coral Springs, FL at 3502 Riverside Dr. This Residential Income property is priced at $358/sqft
Features of 3502 Riverside Dr
| MLS® # | F10542493 |
|---|---|
| Price | $899,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,513 |
| Year Built | 1973 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Style | Detached |
| Status | Active |
Community Information: Coral Springs
| Address | 3502 Riverside Dr |
|---|---|
| Area | 3622 |
| Subdivision | Coral Spgs Sub 1 59-30 B |
| City | Coral Springs |
| County | Broward County |
| State | FL |
| Zip Code | 33065-4740 |
Amenities of 3502 Riverside Dr
| Parking Spaces | 6 |
|---|---|
| Is Waterfront | Yes |
| Waterfront | Canal Front |
| Has Pool | No |
Interior of 3502 Riverside Dr
| Heating | Central Heat, Electric Heat |
|---|---|
| Cooling | Central Cooling, Electric Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1.0000 |
Exterior of 3502 Riverside Dr
| Lot Description | Less Than 1/4 Acre Lot |
|---|---|
| Roof | Curved/S-Tile Roof |
| Construction | Concrete Block Construction, Cbs Construction |
Additional Information On 3502 Riverside Dr
| Listing Courtesy of | Coldwell Banker Realty |
|---|---|
| Zoning | RM-20 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | None |
Listing Details
| Office | Coldwell Banker Realty |
|---|