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4280 Woodside Dr 16 Unit Apartment Building $3,600,000 ($225,000/Unit) 6.40% Cap Rate Coral Springs, FL 33065



EXECUTIVE SUMMARY
Outstanding investment opportunity in the highly desirable city of Coral Springs! This fully occupied 16-unit multifamily building offers a strong and consistent rental income stream with zero vacancy. The property consists of eight 1-bedroom/1-bath units and eight 2-bedroom/1-bath units, all of which have been completely remodeled with modern kitchens, updated bathrooms, new flooring, and fresh finishes throughout. Tenants enjoy well-maintained common areas, ample parking, and proximity to major highways, retail centers, schools, and public transportation.
The property has been professionally managed and meticulously maintained, making it a true turnkey asset with minimal deferred maintenance. The combination of stable long-term tenants, strong rental demand in the area, and recent renovations provides investors with both immediate income and long-term appreciation potential. This is an ideal acquisition for investors looking to expand their South Florida multifamily portfolio with a high-performing, low-maintenance property in a prime Coral Springs location.
The property has been professionally managed and meticulously maintained, making it a true turnkey asset with minimal deferred maintenance. The combination of stable long-term tenants, strong rental demand in the area, and recent renovations provides investors with both immediate income and long-term appreciation potential. This is an ideal acquisition for investors looking to expand their South Florida multifamily portfolio with a high-performing, low-maintenance property in a prime Coral Springs location.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$360,600
|
$25.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$360,600
|
$25.93
|
| Taxes |
$65,500
|
$4.71
|
| Operating Expenses |
$64,689
|
$4.65
|
| Total Expenses |
$130,189
|
$9.36
|
| Net Operating Income |
$230,411
|
$16.57
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $360,600 |
| Annual Per SF | $25.93 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $360,600 |
| Annual Per SF | $25.93 |
| Taxes | |
|---|---|
| Annual | $65,500 |
| Annual Per SF | $4.71 |
| Operating Expenses | |
|---|---|
| Annual | $64,689 |
| Annual Per SF | $4.65 |
| Total Expenses | |
|---|---|
| Annual | $130,189 |
| Annual Per SF | $9.36 |
| Net Operating Income | |
|---|---|
| Annual | $230,411 |
| Annual Per SF | $16.57 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,750 | - |
| 2+1.5 | 8 | $2,000 | - |
1 1
PROPERTY TAXES
| Parcel Number | 48-41-14-01-0850 | Total Assessment | $3,189,160 |
| Land Assessment | $179,230 | Annual Taxes | $65,500 ($4.71/SF) |
| Improvements Assessment | $2,720,010 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
48-41-14-01-0850
Land Assessment
$179,230
Improvements Assessment
$2,720,010
Total Assessment
$3,189,160
Annual Taxes
$65,500 ($4.71/SF)
Tax Year
2025
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4280 Woodside Dr
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