10740 Royal Palm Blvd Coral Springs, FL 33065
Tenanted condo units in Coral Springs with immediate income potential.
Building Details
- Year built
- 1984
Source:
Elliman
Listing Agent: Yossef Chaham
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Coral Springs Condo Units Portfolio
A portfolio of ten individual condo units located in Coral Springs, featuring a mix of 1/1, 2/1, 2/2, and 3/2 configurations across multiple buildings. All apartments are currently rented, with mostly long-term tenants who provide security deposits equivalent to two months' rent. The properties generate a gross income of $200,000, with a net yearly income of $115,000 after maintenance and taxes, representing a 6.5% ROI. Rents are currently below market value, offering the potential to increase the ROI to over 7%. Most units have been updated. This portfolio is suitable for investors looking to expand their holdings or for new investors seeking immediate income generation. Management services can be provided by the seller at the buyer's discretion.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Coral Springs
- County
- Broward
- State
- Florida
- Longitude
- -80.2695877
- Latitude
- 26.2585395
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FAQs
What type of property is this?
Apartment building - Tenanted condo units in Coral Springs with immediate income potential.
Where is this apartment building located?
The property is located at 10740 Royal Palm Blvd Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: - High Income Potential: $200k gross income, $115k yearly income after maintenance and taxes.; - Strong ROI: 6.5% current ROI with potential to increase to over 7% by raising rents to market value.; - Fully Rented: All 10 units are currently rented with long-term, reliable tenants and security deposits.