3502 Riverside ,Triplex, Coral Spgs Sub 1 59-30 B for Sale

3502 Riverside for Sale

Price $899,000.00

• Lot size 2513
• Year Build 1973
• Waterfront Canal Front, Canal, Waterfront
• Zip 33065
• Style
• Parking Description
• Pool Yes
• Status Active

Description

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.

CORAL SPRINGS SUB NO 1 59-30 B LOT 15 BLK Y

Less Than 1/4 Acre Lot

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.

City:Coral Springs,Sewer:1:Public Sanitation,2:Sewer,Zoning:RM-20,Cooling:1:Electric,Country:United States,Heating:1:Electric,List A O R:BeachesMLS,Stories:1,Tax Year:2024,Latitude:26.2736993,Cooling Y N:1,Heating Y N:1,List Price:899000,Listing Id:F10542493,Longitude:-80.2346185,Mls Status:Active,Utilities:1:Cable Available,Year Built:1973,Living Area:2513,Possession:1:Long Closing Preferred,2:Negotiable,Postal Code:33065,Street Name:Riverside,Coordinates:1:26.2736993,Photos Count:16,Building Name:Coral Spgs Sub 1 59-30 B,Days On Market:156,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:3622,M L S Area Major:Coral Spgs Sub 1 59-30 B,On Market Date:2025-12-26,Parcel Number:484114015580,Property Type:Residential Income,Stories Total:1,Street Number:3502,Street Suffix:Drive,Waterfront Y N:1,Public Remarks: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.,County Or Parish:Broward County,Expiration Date:2026-12-25,Frontage Length:74,List Office Name:Coldwell Banker Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Postal Code Plus4:4740,Property Sub Type:Triplex,State Or Province:FL,Subdivision Name:Coral Spgs Sub 1 59-30 B,Tax Annual Amount:12903,Unparsed Address:3502 Riverside Drive, Coral Springs FL 33065,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Year Built Details:Resale,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:357.7398,M I A M I R E_ Num Floors:1,Original List Price:899000,Public Survey Range:4841,I D X Participation Y N:1,M I A M I R E_ Last Status:Pending,Number Of Units Total:3,Syndication Remarks: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.,Waterfront Features:1:Canal,2:Waterfront,Listing Contract Date:2025-12-26,Originating System I D:miamire,Public Survey Section:14,Showing Instructions:Call Listing Agent,Elect Lockbox-Call List Agent,Pet On Premises,Showing Assist,Virtual Showing Available,Street Number Numeric:3502,Tax Legal Description:CORAL SPRINGS SUB NO 1 59-30 B LOT 15 BLK Y,M I A M I R E_ Current Price:899000,Public Survey Township:4841,Construction Materials:1:CBS Construction,M I A M I R E_ Year Installed:1973,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:North Broward 441 To Everglades (3611-3642),M I A M I R E_ Parcel Number M L X:5580,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$26.273663$-80.234588$352.17$13.33$1.00$nxOXGw5cumM8808fPGa0dw,Contract Status Change Date:2025-12-26,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:3,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Acreage Description:1/4 Acre Or Less,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:954-426-7653,M I A M I R E_ Typeof Governing Bodies:Other,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:3502 Riverside Dr,M I A M I R E_ Dade Market Amt Assessed Amt:517800,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:357.74,