Upgraded Condo in Coral
3199 Coral Hills Drive A2 Coral Springs, FL 33065
For Sale
$275,000
Stunning 3/2 condo with modern upgrades and hurricane protection.
Property Size1,570 SF
Price / SF$175.16
Days on Market497
Property Features for 3199 Coral Hills Drive A2
General Information
Standard status
Active
Size
1,570 SF
Property subtype
Condo/Townhome
Building Details
Year Built
1973
Listing Agency:
On Call Realty Inc
(407) 435-9628
Listed By:
Nicholas Ganesh · License #3343958
(407) 435-9628
Source:
Exitrealty
Added: Mar 18, 2025
Changed: Jul 10
Last Checked: Jul 27 at 5:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of On Call Realty Inc
Investment Insights
Based on property information with market context.
This upgraded 3-bedroom, 2-bathroom condo is located in Downtown Coral Springs. The property features nearly 1600 square feet of living area and has been meticulously maintained. Impact hurricane windows and doors provide added security. The open-concept living space includes a modern kitchen with contemporary appliances and ample storage. The master suite includes an ensuite bathroom and generous closet space. The 2025 budget has been approved, and the property has full reserves. There are no rental restrictions.
Key Highlights
- New roof and electrical system
- Impact hurricane windows and doors
- Spacious 3‑bedroom, 2‑bathroom condo with nearly 1600 sqft
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 | $47.7k | $30.36 |
| − Vacancy | −$2.1k | −$1.37 |
| EGI | $45.5k | $28.99 |
| − OpEx | −$20.5k | −$13.05 |
| NOI | $25.0k | $15.95 |
1,570 SF · lease $30.36/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$357.7K
$313.0K – $417.3K
NOI $25,036 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.68M
$2.34M – $3.12M
NOI $187,411 @ 7.0% cap · market cap 68.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Stunning 3/2 condo with modern upgrades and hurricane protection.
Where is this residential income property located?
The property is located at 3199 Coral Hills Drive A2 Coral Springs, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: New roof and electrical system; Impact hurricane windows and doors; Spacious 3‑bedroom, 2‑bathroom condo with nearly 1600 sqft
