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ATTENTION DEVELOPERS and INVESTORS! Here is your chance to purchase 53 units that are 100% rented, and possibly develop 3 ACRES in the middle of Coral Springs’ Downtown District in the future. 55% of tenants have lived here for over 5 years. Located near intersection of University Dr. and Sample Rd. The area is seeing a great redeveloping with Cornerstone Plaza, a mixed-use property including a full service hotel, luxury apartments, restaurants, and retail space. And coming soon across from Cornerstone Plaza will be City Village. The property consists of 3 one acre parcels with 5 one story buildings and parking. Zoned DT-MU (Downtown Mixed-Use). The CAP rate is 5.1% with the current rates. Market rental rates will bring up the CAP rate to 6.9%. Current financials available upon request.PROPERTY FEATURES
Parking Features :
Roof : Tile
Waterfront : Yes.
Waterfront Features : CanalFront
Property Sub-Type Additional : MultiFamily
Zoning Description : DT-MU
Construction Materials : Block
PROPERTY DETAILS
Street Address: 3331 Coral Hills Dr
City: Coral Springs
State: Florida
Postal Code: 33065
County: Broward
MLS Number: A11736676
Year Built: 1973
Courtesy of iMarket Realty
City: Coral Springs
State: Florida
Postal Code: 33065
County: Broward
MLS Number: A11736676
Year Built: 1973
Courtesy of iMarket Realty
Courtesy of Transworld Realty Services Inc
