Multi Family · Commercial Sale
10675 Royal Palm Boulevard # 7, Coral Springs FL 33065
Coral Springs, FL, 33065
$2,499,000
Presented by Parvani Commercial Group, Inc.
About This Property
Fantastic Find In The Heart Of Coral Springs! This 7-Unit Property Sits On Nearly Half An Acre And Offers A Prime Corner-Lot Location. The Property Consists Of One Spacious 3 Bedroom, 2.5 Bath Townhome, Four 3 Bedroom, 2-Bath Units, And Two - 2 Bedroom, 2-Bath Units. Current Rents Are Well Below Market, Creating Tremendous Upside Potential. Every Unit Includes Washer And Dryer, A Private Patio Or Balcony, And Separate Electric Meter, Helping Maximize Rental Income. Projected Annual Gross Income Is $240,000, With Total Estimated Annual Expenses Of $68,389. Estimated Expenses Include Landscaping Of $4,800, Insurance Of $12,000, Water Of $5,400, And Electric Of $1,560. All Information Is Believed To Be Accurate But Is Not Guaranteed.
Property Details
- Property Type
- Multi Family
- Status
- Active
- MLS #
- B26050938
- Building Area
- 8,407 SF
- Lot Size
- 20,531 SF
- Year Built
- 1987
- Zoning
- RM-20
- Units
- 7
- Net Operating Income
- $195,911
- Days on Market
- 10
- Price
- $2,499,000