Fourplex Residential Income
4103 Riverside Drive Coral Springs, FL 33065
For Sale
$1,599,900
Fully occupied fourplex with four 3BD/2BA units and updated interiors, including newer appliances and well-maintained A/C.
Property Size3,632 SF
Price / SF$440.50
Days on Market122
Property Features for 4103 Riverside Drive
General Information
- Standard status
- Active
- Size
- 3,632 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1973
Listing Agency:
Canvas Real Estate
(954) 332-7121
Listed By:
Jean Aurelien · License #3586159
(954) 332-7121
Source:
Compass
Added: Mar 24
Changed: Jul 23
Last Checked: Jul 23 at 4:53AM
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 Canvas Real Estate
Investment Insights
Based on property information with market context.
This fully occupied fourplex offers four spacious 3-bedroom, 2-bath units with updated interiors. Each unit includes wood kitchen cabinets and newer appliances, and the property features well-maintained A/C systems. The exterior has been recently painted and professionally landscaped.
Accordion shutters provide additional protection for the building.
The property is presented as an income-producing residential investment with four separate units under one roof.
Accordion shutters provide additional protection for the building.
The property is presented as an income-producing residential investment with four separate units under one roof.
Key Highlights
- Fully occupied fourplex built in 1973 with four 3BD/2BA units
- Updated interiors across all units with newer appliances and wood kitchen cabinets
- Well‑maintained A/C systems in the units
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 | $93.7k | $25.80 |
| − Vacancy | −$4.0k | −$1.10 |
| EGI | $89.7k | $24.70 |
| − OpEx | −$26.9k | −$7.41 |
| NOI | $62.8k | $17.29 |
3,632 SF · lease $25.80/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$897.0K
$784.9K – $1.05M
NOI $62,793 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$827.4K
$724.0K – $965.3K
NOI $57,918 @ 7.0% cap · market cap 3.62%
Theoretical Best
Specialty Retail
$6.19M
$5.42M – $7.23M
NOI $433,553 @ 7.0% cap · market cap 27.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully occupied fourplex with four 3BD/2BA units and updated interiors, including newer appliances and well-maintained A/C.
Where is this quadplex located?
The property is located at 4103 Riverside Drive Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Fully occupied fourplex built in 1973 with four 3BD/2BA units; Updated interiors across all units with newer appliances and wood kitchen cabinets; Well‑maintained A/C systems in the units
