Four-Unit
New
For Sale
$1,225,000
4341 Riverside Drive, Coral Springs, FL 33065
Four two-bedroom residences include private covered patios, individual electric meters, and shared on-site laundry.
Property Size3,964 SF
Price / SF$309.03
Days on Market4
Property Features for 4341 Riverside Drive
General Information
Standard status
Active
Size
3,964 SF
Total Parking Spaces
8
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Gross Income
$103,200
Taxes and HOA fees
Annual Taxes
$19,784
Amenities
central a/c
on-site laundry
stainless steel appliances
covered private patio
Building Details
Building Size
3,964 SF
Year Built
1973
Listing Agency:
RPM LUXE REALTY
Listed By:
Rodger P Morelli · License #3059403
(561) 929-7317
Source:
Pamandtoni
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 2:21PM
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 RPM LUXE REALTY
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Investment Insights
Based on property information with market context.
This 3,964-square-foot quadplex at 4341 Riverside Drive in Coral Springs contains four residences, each with two bedrooms and two bathrooms. The layouts separate the bedrooms and include a covered private patio. Central air conditioning, on-site laundry, and separate electric meters serve the property. Eight parking spaces are provided for residents.
Built in 1973, the property has received appliance and interior updates, including stainless steel appliances, revised kitchen cabinetry, fresh paint, and updated air handlers. Select residences also feature 20-by-20-inch white porcelain flooring and replacement closet doors.
Built in 1973, the property has received appliance and interior updates, including stainless steel appliances, revised kitchen cabinetry, fresh paint, and updated air handlers. Select residences also feature 20-by-20-inch white porcelain flooring and replacement closet doors.
Key Highlights
- Four residences, each with 2 bedrooms and 2 bathrooms
- 3,964 square feet; built in 1973
- 8 private parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,533
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,660
$1.4M
Cap Rate 7%
$979,043
$979.0K
Cap Rate 9%
$761,478
$761.5K
Market Conditions
NOI Build-Up for 3,964 SF
Gross rent
$102.3K $25.80/SF
− Vacancy
−$4.4K −$1.10/SF
EGI
$97.9K $24.70/SF
− OpEx
−$29.4K −$7.41/SF
NOI
$68.5K $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%
$1,370,660
Cap Rate 7%
$979,043
Cap Rate 9%
$761,478
Alternative Uses
Best Use
Multifamily LT 5
$979.0K
$856.7K – $1.14M
NOI $68,533 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$903.0K
$790.2K – $1.05M
NOI $63,212 @ 7.0% cap · market cap 5.16%
Theoretical Best
Specialty Retail
$6.76M
$5.91M – $7.89M
NOI $473,184 @ 7.0% cap · market cap 38.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,096
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 - Four two-bedroom residences include private covered patios, individual electric meters, and shared on-site laundry.
Where is this quadplex located?
The property is located at 4341 Riverside Drive Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms and 2 bathrooms; 3,964 square feet; built in 1973; 8 private parking spaces
