3502 Riverside Drive, Coral Springs, FL 33065

Coral Springs
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
3502 Riverside Drive,Coral Springs, FL 33065
$899,000
Virtual Tour
  • - Beds
  • - Baths
  • 2,513 sq. ft.
  • Multi-family
  • Active
Listed by: patrick barnicle
Office: coldwell banker realty
MLS#:F10542493
Source:RMLS

Price summary

  • Price:$899,000
  • Price per sq. ft.:$357.74

About this home

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. Strong demand area with consistent rental history. This is a turn-key multifamily asset offering dependable performance and long-term appreciation potential. Investors only; do not disturb tenants. Showings by appointment only.

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Home facts

  • Year built:1973
  • Listing ID #:F10542493
  • Added:139 day(s) ago
  • Updated:May 14, 2026 at 02:55 PM

Rooms and interior

  • Flooring:Tile
  • Living area:2,513 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Spanish Tile
  • Year built:1973
  • Building area:2,513 sq. ft.
  • Construction Materials:Block
  • Exterior Features:Porch

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$899,000
  • Price per sq. ft.:$357.74
  • Tax amount:$12,903 (2024)
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