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4263 NW 115th Ave - 2 Units West Coral Springs 2 Unit Apartment Building Offered at $350,000 at a 8% Cap Rate Coral Springs, FL 33065
Investment Highlights
- 2 Units In West Coral Springs
- Easy To Manage
Executive Summary
Calling All Investors! Fantastic Opportunity In The Heart Of Coral Springs! Own Two Nicely Updated 2-Bedroom, 2-Bathroom Condos Located In The Same Building, Making Them Easy To Manage And An Excellent Opportunity For Both Owner-Occupants And Savvy Investors. Each Unit Features An Updated Kitchen,One With Stainless Steel Appliances, Tile Flooring Throughout, A Full-Size Washer And Dryer, And An Eat-In Kitchen. The Low Monthly Maintenance Fee Of Just $441 Per Unit Includes Water, Trash, Insurance, Exterior Maintenance, And Access To The Community Pool. One Unit Is Occupied And Currently Rented, The Other Is Vacant And Ready. Market Rents Of $1,800 To $2,000 Per Month Per Unit, This Property Offers Outstanding Income Potential. Don't Miss This Incredible Opportunity—A Must-See!
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$45,600
|
$27.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$45,600
|
$27.31
|
| Taxes |
$7,000
|
$4.19
|
| Operating Expenses |
$10,584
|
$6.34
|
| Total Expenses |
$17,584
|
$10.53
|
| Net Operating Income |
$28,016
|
$16.78
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $45,600 |
| Annual Per SF | $27.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $45,600 |
| Annual Per SF | $27.31 |
| Taxes | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $4.19 |
| Operating Expenses | |
|---|---|
| Annual | $10,584 |
| Annual Per SF | $6.34 |
| Total Expenses | |
|---|---|
| Annual | $17,584 |
| Annual Per SF | $10.53 |
| Net Operating Income | |
|---|---|
| Annual | $28,016 |
| Annual Per SF | $16.78 |
Property Facts
| Price | $350,000 | Apartment Style | Garden |
| Price Per Unit | $175,000 | Building Size | 1,670 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| Cap Rate | 8% | No. Stories | 2 |
| No. Units | 2 | Year Built | 1985 |
| Property Type |
| Price | $350,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 2 |
| Property Type | |
| Apartment Style | Garden |
| Building Size | 1,670 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1985 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Walk-In Closets
- Dining Room
Site Amenities
- Pool
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,000 | - |
| 2+2 | 1 | $1,600 | - |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Minimal public transit
10/100
Moderately bikeable
60/100
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Map
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Contact the Sale Advisor
4263 NW 115th Ave - 2 Units West Coral Springs