Four-Unit Updated
For Sale
$1,599,900
4103 Riverside Dr, Coral Springs, FL 33065
Fully occupied multifamily property with four residential units, landscaped grounds, and accordion shutters.
Property Size3,632 SF
Days on Market209
Property Features for 4103 Riverside Dr
General Information
Standard status
Active
Size
3,632 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$20,184
Building Details
Building Size
3,632 SF
Year Built
1973
Listing Agency:
Canvas Real Estate
Listed By:
Jean Aurelien · License #3586159
(239) 384-1067
Source:
Relinkre
Added: Mar 24
Changed: Oct 16
Last Checked: Oct 16 at 4:48PM
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
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Investment Insights
Based on property information with market context.
This 3,632-square-foot quadplex contains four residential units, each configured with three bedrooms and two bathrooms. Interior improvements include wood kitchen cabinetry, newer appliances, and maintained A/C systems. The building was painted recently, while professional landscaping enhances the exterior presentation. Accordion shutters are also installed.
Built in 1973 and zoned RM-20, the property is fully occupied and produces income from its four-unit configuration. The asset is located at 4103 Riverside Dr in Coral Springs, Florida, with each unit offering the same three-bedroom, two-bathroom layout.
Built in 1973 and zoned RM-20, the property is fully occupied and produces income from its four-unit configuration. The asset is located at 4103 Riverside Dr in Coral Springs, Florida, with each unit offering the same three-bedroom, two-bathroom layout.
Key Highlights
- Four 3BD/2BA units
- 3,632‑square‑foot quadplex built in 1973
- Fully occupied income‑producing property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,793
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,860
$1.3M
Cap Rate 7%
$897,043
$897.0K
Cap Rate 9%
$697,700
$697.7K
Market Conditions
NOI Build-Up for 3,632 SF
Gross rent
$93.7K $25.80/SF
− Vacancy
−$4.0K −$1.10/SF
EGI
$89.7K $24.70/SF
− OpEx
−$26.9K −$7.41/SF
NOI
$62.8K $17.29/SF
Area
Coral Springs, FL
Vacancy
4.27%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,860
Cap Rate 7%
$897,043
Cap Rate 9%
$697,700
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 authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property with four residential units, landscaped grounds, and accordion shutters.
Where is this quadplex located?
The property is located at 4103 Riverside Dr 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: Four 3BD/2BA units; 3,632‑square‑foot quadplex built in 1973; Fully occupied income‑producing property
