For Sale
$2,790,000

8303 Sample RdCoral Springs, FL 33065

10-Unit Apartment Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 10-unit apartment building presents a compelling investment opportunity in the thriving Coral Springs, Florida market. Located at 8303 W Sample Road, this two-story, 9,230 square foot building boasts a 100% occupancy rate and sits on a spacious 18,034 square foot lot. The property features a mix of unit sizes, including four 2-bedroom, 1-bathroom units (996 sq ft each), two 3-bedroom, 2-bathroom units (1,453 sq ft each), and four 1-bedroom, 1-bathroom units (585 sq ft each). Recent renovations, completed in 2021, include a new roof and updated kitchens and central air conditioning/heating systems. Further enhancing the property's value are impact windows installed in February 2020 and two separate coin-operated laundry facilities for tenant convenience. The building's Class B designation reflects its well-maintained condition and strong rental history. This property offers a compelling 4.99% cap rate and is priced at $2,790,000 ($279,000 per unit). Its prime location, minutes from the popular Walk at University shopping and dining destination, ensures strong rental demand and future appreciation potential in this rapidly developing area of Northwest Broward County. The property is not subject to a ground lease.

Highlights

  • Exceptional 10-unit apartment building in Coral Springs, FL, offering a 4.99% cap rate.
  • 9,230 rentable square feet on an 18,034 square foot lot.
  • Ten units total: four 2BR/1BA (996 sq ft each), two 3BR/2BA (1,453 sq ft each), and four 1BR/1BA (585 sq ft each).
  • Two separate coin-operated laundry facilities.
  • Prime location near The Walk at University, a thriving retail and dining destination in a rapidly developing area of Northwest Broward County.

Property Details for 8303 Sample Rd

Property type
Apartment buildings
Square Feet
9,230 SF
Class
B
Year Renovated
2021
Buildings
1
Stories
2
Units
10

Location Insight

City
Coral Springs
County
Broward
State
Florida
Latitude
26.2726122
Longitude
-80.2371826
8303 Sample Rd, Coral Springs, Florida

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8303 Sample Rd
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