Coral Springs, FL 33065 3502 Riverside Drive
$899,000



11 more











Presented By: Coldwell Banker Realty
Home Details
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 $900,000, this property offers an approximate 5.8% cap rate.Each unit enjoys on-site parking, private yard space, and the property backs up to a canal, offering added privacy and appeal for long-term tenant retention. Located in a sought-after residential community near shopping, major roadways, parks, and schools. Strong demand area with consistent rental history. This is a turn-key multifamily asset offering dependable performance and long-term appreciation potential. Investors only; do not disturb tenants. Showings by appointment only.
Presented By: Coldwell Banker Realty
Interior Features for 3502 Riverside Drive
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile
Heating Y/NYes
Total Stories1
General for 3502 Riverside Drive
Association Fee IncludesWater
CityCoral Springs
Construction MaterialsBlock
CoolingCentral Air, Electric
CountyBroward
HOA Fee$
HeatingCentral, Electric, Separate Meters
Legal DescriptionCORAL SPRINGS SUB NO 1 59-30 B LOT 15 BLK Y
MLS Area3622
New ConstructionNo
Number Of Units Total3
Patio/Porch FeaturesPorch, Balcony
PossessionClose Of Escrow, Negotiable
PostalCityCoral Springs
Property ConditionResale
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
RoofSpanish Tile
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameCoral Spgs Sub 1 59-30 B
Tax Annual Amount12903
Tax Year2024
UtilitiesCable Available
Virtual TourClick here
Waterfront FeaturesCanal Front, Other
Year Built1973
Exterior for 3502 Riverside Drive
Exterior AmenitiesBalcony
Frontage Length74.00
Frontage TypeWaterfront
Lot Features< 1/4 Acre
Water SourcePublic
Waterfront Y/NYes
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Kareema Pantophlet
Realtor
SQFT • 2,513