$8,650,000
$8,995,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
3331 Coral Hills Dr Coral Springs, FL 33065
42,425 SqFt
Key Details
Sold Price $8,650,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 42,425 sqft
Price per Sqft $203
MLS Listing ID A11736676
Sold Date 04/16/25
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
Financing Cash
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with ONE Commercial LLC
