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
Listing Details
- Cap Rate
6.1%
- Space Type
multifamily
- Sub Category
apartments-building
- Date Listed
5/15/2026
- Net Operating Income
$571,470
- Parking Info
123 spaces
Property Specifics
- Property Name
2801 Riverside Drive | Riverside Villas Condominiums
- No of Stories
4
- No of Units
123
- Building Size
49,896 SF
- Lot Size
2.42 Ac
- Occupancy
100%


