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10201 NW 35th St - 6 Units West Coral Springs 6 Unit Apartment Building Offered at $1,790,000 at a 5.11% Cap Rate Coral Springs, FL 33065
INVESTMENT HIGHLIGHTS
- Large Corner Location
- Hurricane Impact Windows & Doors
- Centrally Located
EXECUTIVE SUMMARY
Fantastic Find In The Heart Of Coral Springs! This Well-Maintained 6-Unit Multifamily Property Sits On An Oversized Corner Lot Spanning 14,866 Sq Ft And Offers An Excellent Unit Mix Consisting Of Two 3-Bedroom / 2-Bath Units, Two 2-Bedroom / 2-Bath Units, And Two 1-Bedroom / 1 and 1/2-Bath Units. Most Units Have Been Tastefully Updated Over The Last Few Years With Modern Kitchens And Updated Flooring, Enhancing Both Appeal And Long-Term Value. The Building Features A 2007 Roof, Hurricane Impact Windows And Doors, And Central Air Conditioning Throughout. Rents Are Currently Below Market, Presenting A Strong Upside Opportunity For Increased Cash Flow. The Property Generates A Current Gross Income Of $127,800, With Annual Expenses Of $36,320, Including Taxes Of $23,930, Lawn Maintenance Of $1,200, Insurance (No Wind) Of $5,250, Water Of $5,400, And House Electric Of $540, With Trash Included In Taxes. A Rare Opportunity To Acquire A Stable Asset In A Prime Coral Springs Location With Built-In Value-Add Potential.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$127,800
|
$23.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$127,800
|
$23.72
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$36,320
|
$6.74
|
| Net Operating Income |
$91,480
|
$16.98
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $127,800 |
| Annual Per SF | $23.72 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $127,800 |
| Annual Per SF | $23.72 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $36,320 |
| Annual Per SF | $6.74 |
| Net Operating Income | |
|---|---|
| Annual | $91,480 |
| Annual Per SF | $16.98 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Family Room
- Lawn
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | $2,250 | - |
| 2+2 | 2 | $2,000 | - |
| 1+1 | 2 | $1,500 | - |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (70)
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10201 NW 35th St - 6 Units West Coral Springs
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