Coral Springs Multifamily Investment
10201 NW 35th Street Coral Springs, FL 33065
For Sale
$1,790,000
MULTI_FAMILY - Coral Springs, FL
Property Size5,387 SF
Lot Size0.34 Acres
Price / SF$332.28
Days on Market178
Property Features for 10201 NW 35th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RM-20
- Bedrooms
- 6
- Rooms
- Bathroom 2, Bedroom 4, Bathroom 6, Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 9, Bathroom 10, Bathroom 7, Bathroom 3, Bathroom 4, Bathroom 8, Bedroom 3, Bathroom 5, Bedroom 5
- Pets allowed
- No
- Standard status
- Active
- APN
- 484116061470
- Size
- 5,387 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CORAL SPRINGS LAKES 68-12 B LOT 20 BLK G
- Tax Annual Amount
- 23930
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Tile
- Building materials
- Block
- Roof type
- Barrel
Listing Agency:
Fidelity Real Estate Group LLC
(954) 345-9144
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Added: Jan 26
Changed: Jul 18
Last Checked: Jul 23 at 9:06PM
MLS# F10548525
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property is located in Coral Springs, Florida. The building contains six units and sits on a 14,866 square foot corner lot. The unit mix includes two 3-bed 2-bath units, two 2-bed 2-bath units, and two 1-bed 1.5 bath units. Most units have been updated in recent years with modern kitchens and updated flooring. The property features a 2007 roof, hurricane impact windows and doors, and central A/C. The building has a total area of 5,387 square feet. The current gross income is $127,800, with annual expenses of $36,320. Expenses include $23,930 in taxes, $1,200 for lawn maintenance, $5,250 for insurance (excluding wind), $5,400 for water, and $540 for house electric, with trash included in taxes. The property is zoned RM-20.
Key Highlights
- 6‑unit multifamily built in 1986 with a unit mix of two 3/2, two 2/2, and two 1/1.5
- Oversized corner lot spanning 14,866 SF
- Most units have updated flooring and modern kitchens (updated over the last few years)
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.5k | $30.36 |
| − Vacancy | −$7.4k | −$1.37 |
| EGI | $156.2k | $28.99 |
| − OpEx | −$70.3k | −$13.05 |
| NOI | $85.9k | $15.95 |
5,387 SF · lease $30.36/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,904 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.19M
$8.04M – $10.72M
NOI $643,047 @ 7.0% cap · market cap 35.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained six-unit property with value-add potential in Coral Springs.
Where is this apartment building located?
The property is located at 10201 NW 35th Street Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: 6‑unit multifamily built in 1986 with a unit mix of two 3/2, two 2/2, and two 1/1.5; Oversized corner lot spanning 14,866 SF; Most units have updated flooring and modern kitchens (updated over the last few years)
