FL > Coral Springs
Coral Springs, FL 33065,3331 Coral Hills Dr
Coral Springs, FL 33065,3331 Coral Hills Dr
Coral Springs, FL 33065,3331 Coral Hills Dr
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William Gartin

William Gartin

+1(305) 842-6097
$8,995,000
Est. payment /mo
42,425 SqFt
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UPDATED:

02/21/2025 06:12 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 42,425 sqft

Price per Sqft $212

MLS Listing ID A11736676

Construction Status Resale

HOA Y/N No

Year Built 1973

Annual Tax Amount $154,053

Contingent Pending Inspections

Lot Size 2.980 Acres

Property Sub-Type Multi Family

Property Description

ATTENTION DEVELOPERS and INVESTORS! Here is your chance to purchase 53 units that are 100% rented, and possibly develop 3 ACRES in the middle of Coral Springs' Downtown District in the future. 55% of tenants have lived here for over 5 years. Located near intersection of University Dr. and Sample Rd. The area is seeing a great redeveloping with Cornerstone Plaza, a mixed-use property including a full service hotel, luxury apartments, restaurants, and retail space. And coming soon across from Cornerstone Plaza will be City Village.
The property consists of 3 one acre parcels with 5 one story buildings and parking. Zoned DT-MU (Downtown Mixed-Use). The CAP rate is 5.1% with the current rates. Market rental rates will bring up the CAP rate to 6.9%. Current financials available upon request.

Location

State FL

County Broward

Area 3626

Exterior

Waterfront Description Canal Front

Roof Type Tile

Private Pool Yes

Building

Story 1

Level or Stories One

Structure Type Block

Construction Status Resale

Others

Tax ID 484121010112

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by iMarket Realty

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agent

William Gartin

+1(305) 842-6097

Agent | License ID: 3422133

Agent License ID: 3422133

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