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3502 Riverside Drive, Coral Springs FL 33065

Multi-family For Sale
$899,000

BTC: 15.00834725

ETH: 544.84848485

179 days
Waterfront
0 room(s)
2,513 sqft

Overview

Fully leased and income-producing triplex in highly desirable Coral Springs. Excellent opportunity for an investor seeking immediate cash flow in a strong rental market. Property is fully occupied and generates approximately $72,000 in gross annual rent. Estimated total landlord expenses including taxes are approximately $20,000 annually, producing an estimated Net Operating Income of approximately $52,000. Based on an estimated market value of $900,000, this property offers an approximate 5.8% cap rate.Each unit enjoys on-site parking, private yard space, and the property backs up to a canal, offering added privacy and appeal for long-term tenant retention. Located in a sought-after residential community near shopping, major roadways, parks, and schools. Strong demand area with consistent rental history. This is a turn-key multifamily asset offering dependable performance and long-term appreciation potential. Investors only; do not disturb tenants. Showings by appointment only.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1973
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$358
Cooling:
Central Air / Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$627,500
$594K – $764K
Confidence Low
List vs. estimate
$271K above estimate
List $899,000 · +43.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$357
+8.1% vs. city median $330
Based on
10 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$12,903
2024
Waterfront
Canal Front, Canal
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

  • Other Property Information

    • Parcel Number: 484114015580

    • Zoning: RM-20

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Cable Connected

    • Cable Available

  • Other financial information

    • Annual tax amount: $12,903

  • Source details

    • MLS ID: F10542493

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Waterfront: Yes

    • Living Area: 2513

    • Water Source: Public

    • Subdivision Name: Coral Spgs Sub 1 59-30 B

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Coldwell Banker Realty