3502 Riverside Dr, Coral Springs, FL 33065
Local realty services provided by:Atlantic Shores Realty Expertise ERA Powered
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.
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Home facts
- Year built:1973
- Listing ID #:F10542493
- Added:1 day(s) ago
- Updated:December 27, 2025 at 05:36 AM
Rooms and interior
- Living area:2,513 sq. ft.
Heating and cooling
- Cooling:Central Air, Electric
- Heating:Central, Electric
Structure and exterior
- Roof:Spanish Tile
- Year built:1973
- Building area:2,513 sq. ft.
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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