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.
Listing Provided Courtesy of Coldwell Banker Realty
Property Details
Price:
$899,000
MLS #:
F10542493
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Triplex
Subdivision:
Coral Spgs Sub 1 59-30 B
Neighborhood:
3622
Listed Date:
Dec 26, 2025
Finished Sq Ft:
2,513
Year Built:
1973
Units:
3
See this Listing
Schools
Interior
Cooling
Central Air, Electric
Flooring
Tile
Heating
Separate Meters, Central, Electric
Exterior
Construction Materials
Block, CBS
Exterior Features
Balcony
Roof
Spanish Tile
Financial
HOA Includes
Water
Tax Year
2024
Taxes
$12,903
Map
Community
- Address3502 Riverside Drive Coral Springs FL
- SubdivisionCoral Spgs Sub 1 59-30 B
- CityCoral Springs
- CountyBroward
- Zip Code33065
Market Summary
Current real estate data for Multi Family in Coral Springs as of Jan 27, 2026
20
Multi Family Listed
119
Avg DOM
320
Avg $ / SqFt
$1,285,475
Avg List Price
Property Summary
- Located in the Coral Spgs Sub 1 59-30 B subdivision, 3502 Riverside Drive Coral Springs FL is a Multi Family for sale in Coral Springs, FL, 33065. It is listed for $899,000 To schedule a showing of MLS#f10542493 at 3502 Riverside Drive in Coral Springs, FL, contact your Stonecrest International Realty agent at 561-707-9933.
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