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10740 Royal Palm Blvd Coral Springs, FL 33065

For Sale
$1,780,000

Tenanted condo units in Coral Springs with immediate income potential.

Building Details

Year built
1984

Source: Global Assets Realty 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

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Coral Springs
County
Broward
State
Florida
Longitude
-80.2695877
Latitude
26.2585395

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.
More about this property
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