For Sale
$1,448,000

4103 Riverside Dr Coral Springs, FL 33065

Fourplex, 6% Cap Rate, High Cash Flow

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional four-unit apartment building in Coral Springs, Florida presents a compelling investment opportunity. Located at 4103 Riverside Dr, Coral Springs, FL 33065, this two-story, Class B property boasts a desirable 6.00% capitalization rate. Built in 1974, the property comprises four spacious units, each featuring three bedrooms and two bathrooms. Recent upgrades include modern wood kitchen cabinets, newer appliances, and well-maintained air conditioning units in each unit. The exterior has been freshly painted and professionally landscaped, enhancing curb appeal and tenant satisfaction. For added security, accordion shutters are installed throughout the building. Currently fully occupied, this property offers immediate cash flow and significant potential for future rent increases. The property's strong financial performance, coupled with its attractive location in Broward County, makes it an ideal addition to any investment portfolio. This is a turnkey investment ready for immediate income generation. The property's solid construction and recent upgrades ensure long-term value and stability. Don't miss this chance to acquire a high-performing multifamily asset in a thriving Florida market. Asking price is $1,448,000.

Property Details for 4103 Riverside Dr

Property type
Apartment buildings, Small apartment buildings
Class
B
Year Built
1974
Stories
2
Units
4

Location Insight

City
Coral Springs
County
Broward
State
Florida
Latitude
26.2805413
Longitude
-80.2331334

FAQs

What type of property is this?
Apartment building - Fourplex, 6% Cap Rate, High Cash Flow
Where is the apartment building located?
The property is located at 4103 Riverside Dr Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,448,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4103 Riverside Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message