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8740 NW 40th St
Coral Springs, FL 33065
Fairway Views · Multifamily Property For Sale
·
30 Units
Investment Highlights
- Highly Sought-After Coral Springs Rental Market with a Desirable Unit Mix of All Two-Bedroom Floor Plans
- Very Minimal Ownership Turnover within the Submarket, Seller Owned and Lived at Property for Almost 20 years
- Situated in a Quiet, Middle-Class Residential Neighborhood and Close Proximity to Employment, Shopping, and Schools
- Less than 20 Buildings Between 20 and 100 Apartments with 1986 Concrete Block Construction on Over 1.5 Acre Site
- Huge Apartments Averaging 1,261 Rentable Square Feet with In Place Rents Approximately $700 Below the Market
- Very Rare Five-Story Rental Building with Expansive Views, Excellent Future Condominium Conversion
Property Facts
| No. Units | 30 | Building Size | 45,600 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1986 |
| Building Class | C | Parking Ratio | 1.73/1,000 SF |
| Lot Size | 1.72 AC | ||
| Zoning | RM-30, Coral Springs - Multifamily | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.72 AC |
| Building Size | 45,600 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1986 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | RM-30, Coral Springs - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
Site Amenities
- 24 Hour Access
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 30 | $1,925 | 1,208 - 1,287 |
Property Taxes
| Parcel Number | 48-41-15-09-0010 | Improvements Assessment | $6,700,390 |
| Land Assessment | $899,880 | Total Assessment | $7,600,270 |
Property Taxes
Parcel Number
48-41-15-09-0010
Land Assessment
$899,880
Improvements Assessment
$6,700,390
Total Assessment
$7,600,270
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