Renovated Triplex with Ample
4000 NW Woodside Drive Coral Springs, FL 33065
4000 NW Woodside Drive, Coral Springs, FL, 33065
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For Sale
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Updated three-unit property with parking and renovated interiors, with rents reported at $5,350 monthly.
Property Size2,286 SF
Price / SF$349.52
Days on Market342
Property Features for 4000 NW Woodside Drive
General Information
- Standard status
- Active
- Size
- 2,286 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1971
Listing agency
Supreme Realty Group Inc
Listed by
Daniel Daniel · License #3226645
Source
Crexi
Added: Aug 14, 2025 Updated: Jul 10 at 2:00PM Checked: Jul 20 at 5:23AM
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 Supreme Realty Group Inc
Investment Insights
Based on property information with market context.
This renovated triplex features three updated units, presented in a refreshed condition throughout. The property includes ample parking, with six sparkling spaces identified in the remarks, supporting tenant and guest needs. The current rent structure is described as income at $5,350 per month, with water included in the rents; tenants are responsible for everything else.
Located at 4000 NW Woodside Drive in Coral Springs, Florida, the property is described as being in a desirable location. The site is set up for practical day-to-day use given the included parking, which can simplify move-ins, tenant commuting, and overall operations for an owner or operator.
For buyers seeking a straightforward residential income asset, this updated three-unit configuration offers a relatively manageable scale compared with larger multifamily properties. With renovations already completed and a rent structure that includes water, the property may appeal to owner-users or investors looking for an income-producing setup with clear tenant responsibilities. Because the provided information focuses on condition, parking, and rent inclusions, prospective buyers should confirm all lease terms, unit details, and any additional operating costs during due diligence.
Located at 4000 NW Woodside Drive in Coral Springs, Florida, the property is described as being in a desirable location. The site is set up for practical day-to-day use given the included parking, which can simplify move-ins, tenant commuting, and overall operations for an owner or operator.
For buyers seeking a straightforward residential income asset, this updated three-unit configuration offers a relatively manageable scale compared with larger multifamily properties. With renovations already completed and a rent structure that includes water, the property may appeal to owner-users or investors looking for an income-producing setup with clear tenant responsibilities. Because the provided information focuses on condition, parking, and rent inclusions, prospective buyers should confirm all lease terms, unit details, and any additional operating costs during due diligence.
Key Highlights
- Updated triplex built in 1971 with renovated interiors across all units
- Reported monthly income of $5,350
- Rents include water; tenants pay everything else
Local Financial Insights For Multifamily LT 5
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 | $59.0k | $25.80 |
| − Vacancy | −$2.5k | −$1.10 |
| EGI | $56.5k | $24.70 |
| − OpEx | −$16.9k | −$7.41 |
| NOI | $39.5k | $17.29 |
2,286 SF · lease $25.80/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$564.6K
$494.0K – $658.7K
NOI $39,522 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$520.8K
$455.7K – $607.6K
NOI $36,454 @ 7.0% cap · market cap 4.56%
Theoretical Best
Specialty Retail
$3.90M
$3.41M – $4.55M
NOI $272,880 @ 7.0% cap · market cap 34.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Updated three-unit property with parking and renovated interiors, with rents reported at $5,350 monthly.
Where is this triplex located?
The property is located at 4000 NW Woodside Drive Coral Springs, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Updated triplex built in 1971 with renovated interiors across all units; Reported monthly income of $5,350; Rents include water; tenants pay everything else
