Tenant-Occupied Condo in Coral
8307 Coral Lake Manor 8307 Coral Springs, FL 33065
8307 Coral Lake Manor 8307, Coral Springs, FL, 33065
$219,999
For Sale
$219,999
Condo in Coral Springs, currently rented until February 2027.
Property Size910 SF
Price / SF$241.76
Days on Market580
Property Features for 8307 Coral Lake Manor 8307
General Information
- Standard status
- Active
- Size
- 910 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1987
Listing Agency
It's A Done Deal Realty Inc
(954) 822-8601
Listed by
Ellen Robbins · License #0584003
(954) 822-8601
Source
Exitrealty
Added: Dec 17, 2024 Checked: Jul 19 at 5:17 am
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 It's A Done Deal Realty Inc
Investment Insights
Based on property information with market context.
This tenant-occupied unit is located on the second floor of an eight-unit building in the Crescent Cove development in Coral Springs. The 2-bedroom, 2-bathroom unit is currently rented until February 14, 2027, at $1,900 per month. Children and pets are welcome. The unit features stainless steel appliances and a modern kitchen. A full-size washer and dryer are located within the unit. The living room and dining room are combined and feature ceramic tiles, with access to the patio through sliding doors. The patio includes a storage closet. Recent updates include fresh paint and new carpeting in both bedrooms. The property size is 910 square feet. Community amenities include a clubhouse and a pool. Housing vouchers are accepted.
Key Highlights
- Currently rented until February 14, 2027, generating $1900 monthly income.
- 2 bedroom, 2 bathroom unit in Coral Springs.
- Modern kitchen with stainless steel appliances.
Local 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 | $27.6k | $30.36 |
| − Vacancy | −$1.2k | −$1.37 |
| EGI | $26.4k | $28.99 |
| − OpEx | −$11.9k | −$13.05 |
| NOI | $14.5k | $15.95 |
910 SF · lease $30.36/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$207.3K
$181.4K – $241.9K
NOI $14,511 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,627 @ 7.0% cap · market cap 49.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Condo in Coral Springs, currently rented until February 2027.
Where is this multifamily property located?
The property is located at 8307 Coral Lake Manor 8307 Coral Springs, FL.
What is the asking price?
The asking price for this property is $219,999.
What are key features of this property?
This property features: Currently rented until February 14, 2027, generating $1900 monthly income.; 2 bedroom, 2 bathroom unit in Coral Springs.; Modern kitchen with stainless steel appliances.
