Renovated 5-Unit Apartment
4115 Riverside Drive Coral Springs, FL 33065
For Sale
$1,249,500
MULTI_FAMILY - Coral Springs, FL
Property Size3,852 SF
Lot Size0.25 Acres
Price / SF$324.38
Days on Market197
Property Features for 4115 Riverside Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RM-20
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 1
- Window features
- Blinds
- Patio and Porch features
- Patio
- Standard status
- Active
- APN
- 484114011370
- Size
- 3,852 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- CORAL SPRINGS SUB NO 1 59-30 B LOT 13 BLK G
- Tax Annual Amount
- 21644
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1969
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile - Ceramic, Vinyl
- Building materials
- Block, Concrete, Stucco
- Roof type
- Barrel
Listing Agency:
Lang Realty/ BR
(561) 998-0100
Listed By:
Paulo Schneider · License #3251431
(954) 857-1282
Added: Jan 8
Changed: Jul 23
Last Checked: Jul 24 at 8:06AM
MLS# R11152708
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a 5-unit apartment building consisting of two 2-bedroom/1-bath units and three 1-bedroom/1-bath units. The information provided states all units have been renovated. The building is 100% leased, with a mix of month-to-month and annual leases, and includes community laundry.
The property is located at 4115 Riverside Drive in Coral Springs, Florida (Broward County). Zoning is listed as RM-20, and the remarks state the building is zoned for AirBnB per the city of Coral Springs.
The listing provides estimated financial information: gross income of $100,200 (including community laundry), approximately $28,000 in expenses, and an NOI over $73,900, with a CAP of over 5.8%. The listing also notes these figures are estimates and not guaranteed. The lot size is listed at 0.25 acres and the property size at 3,852 square feet.
The property is located at 4115 Riverside Drive in Coral Springs, Florida (Broward County). Zoning is listed as RM-20, and the remarks state the building is zoned for AirBnB per the city of Coral Springs.
The listing provides estimated financial information: gross income of $100,200 (including community laundry), approximately $28,000 in expenses, and an NOI over $73,900, with a CAP of over 5.8%. The listing also notes these figures are estimates and not guaranteed. The lot size is listed at 0.25 acres and the property size at 3,852 square feet.
Key Highlights
- 5‑unit apartment building built in 1969, with 2 units of 2/1 and 3 units of 1/1
- All units have been renovated
- 100% leased with a mix of month‑to‑month and annual leases
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 | $116.9k | $30.36 |
| − Vacancy | −$5.3k | −$1.37 |
| EGI | $111.7k | $28.99 |
| − OpEx | −$50.3k | −$13.05 |
| NOI | $61.4k | $15.95 |
3,852 SF · lease $30.36/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$877.5K
$767.8K – $1.02M
NOI $61,426 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.57M
$5.75M – $7.66M
NOI $459,814 @ 7.0% cap · market cap 36.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Apartment building - Five fully renovated units are 100% leased, with community laundry income included.
Where is this apartment building located?
The property is located at 4115 Riverside Drive Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,249,500.
What are key features of this property?
This property features: 5‑unit apartment building built in 1969, with 2 units of 2/1 and 3 units of 1/1; All units have been renovated; 100% leased with a mix of month‑to‑month and annual leases
