For Sale
$6,500,000
10120 36Th StCoral Springs, FL 33065
20-unit apartment complex, high occupancy.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 120
Highlights
- Exceptional value-add multifamily investment opportunity in Coral Springs, FL.
- 20-unit property (12 two-bedroom, 8 three-bedroom) totaling 23,620 square feet.
- 100% occupancy with effective rent of $2,200/unit ($1.86/SF), significant upside potential.
- Market rents average $2,397/unit ($2.03/SF), representing $47,000 annual loss-to-lease upside.
- Five renovated units achieve $2,510/unit ($2.13/SF), demonstrating further value enhancement potential of $74,000.
- Asking price: $6,500,000.
Property Details for 10120 36Th St
- Property type
- Year Built
- 1975
- Buildings
- 2
- Stories
- 2
Location Insight
- City
- Coral Springs
- County
- Broward
- State
- Florida
- Latitude
- 26.2743427
- Longitude
- -80.2613234
10120 36Th St, Coral Springs, Florida
Nearby Similar for Sale
FAQs
- What type of property is this?
- Commercial real estate - 20-unit apartment complex, high occupancy.
- Where is the commercial real estate located?
- The property is located at 10120 36Th St Coral Springs, FL.
- What is the asking price?
- The asking price for this property is $6,500,000.
- What are key features of this property?
- This property features: Exceptional value-add multifamily investment opportunity in Coral Springs, FL.; 20-unit property (12 two-bedroom, 8 three-bedroom) totaling 23,620 square feet.; 100% occupancy with effective rent of $2,200/unit ($1.86/SF), significant upside potential.
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