Listing Snapshot

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.

General Features

Property Type

ResidentialIncome

Sub-type

Triplex

Stories

1

Zoning

RM-20

Utilities

CableAvailable

Subdivision

Coral Spgs Sub 1 59-30 B

Interior Features

Flooring

Tile

Heating

Central,Electric,SeparateMeters

Cooling

CentralAir,Electric

Exterior Features

Construction

Block

Exterior Features

Balcony

Roof

SpanishTile

Lot Features

LessThanQuarterAcre

Patio / Porch

Porch,Balcony

Pool

No

Waterfront

Yes

Waterfront Features

CanalFront,Other

Community Features

Association Dues

$0

MLS Area

3622

Map

Virtual Tour