38 views
2801 Riverside Drive | Riverside Villas Condominiums
2801 Riverside Dr, Coral Springs, FL 33065
Available Now
38 views
1 / 3
FOR SALEMultifamily / Apartments Building
Cap Rate
6.1%
NOI
$571,470
Building Size
49,896SF
Parking Info
123 spaces
Lot Size
2.42Ac
Occupancy
100%
Listing Contacts
More property details
Currently Leased
No
No of Stories
4
Units
123
Features & amenities
Unit Amenities
Central Heating
Air Conditioning
Dishwasher
High Ceilings
Kitchen
Security System
Microwave
Washer/Dryer or Laundry Services
Site Amenities
Swimming Pool
Location
Loading map…
2801 Riverside Drive | Riverside Villas Condominiums
Location highlights
- Property is being marketed by the original developer
- Located in the highly desirable Coral Springs submarket
- Fewer than 20 rental properties ranging from 20 to 100 units exist within the city
- Extremely limited turnover of rental ownership in the surrounding submarket
- Community has been developed and maintained by the same owner for the past 20 years
- Positioned in a peaceful middle-income residential neighborhood
- Built in 2006 and comprised of two four-story buildings
- Unique offering featuring exclusively three-bedroom, two-bathroom residences
- Spacious units averaging approximately 1,247 rentable square feet
- Current rental rates are significantly below competing market properties
- Conveniently located near major employment centers, retail destinations, and schools
- Available at pricing substantially below replacement cost
- Both buildings are serviced by elevators and include two stairwells each
- Average apartment size measures approximately 1,247 rentable square feet
- Residences feature 10-foot ceilings, ceramic tile flooring, and security alarm systems
- Most units include private balconies
- Equipped with central air conditioning and individual water heaters
- Oversized eat-in kitchens with breakfast bars
- Apartments include dishwashers, garbage disposals, and built-in microwave ovens
- Large utility/laundry rooms with in-unit washers and dryers