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:184 day(s) ago
  • Updated:June 29, 2026 at 02:59 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)
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. RMLS Member Broker: Gene Whiddon III <gwhiddon@bhgfirst.com>

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