4-Unit
For Sale
$1,225,000
4341 Riverside Drive, Coral Springs, FL 33065
Each residence has a split-bedroom layout, central air conditioning and a covered private patio.
Property Size3,964 SF
Price / SF$309.03
Days on Market17
Property Features for 4341 Riverside Drive
General Information
Standard status
Active
Size
3,964 SF
Total Parking Spaces
8
Property subtype
Quadruplex
Site & Location
Neighborhood
The Meadows
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Individually Metered Utilities
electricity
Additional Details
Gross Income
$103,200
Tenant in Place
Yes
Amenities
central A/C
covered private patios
on-site laundry
Building Details
Year Built
1973
Listing Agency:
RPM LUXE REALTY
Listed By:
Rodger P Morelli · License #3059403
(561) 929-7317
Source:
Isaacsrealestate
Added: Oct 15
Changed: Oct 28
Last Checked: Oct 28 at 10:45AM
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 Coral Springs quadplex contains four 2-bedroom, 2-bath residences with split-bedroom layouts. The property totals 3,964 square feet and was built in 1973. Central air conditioning, separate electric meters and covered patios serve the units, while on-site laundry and eight parking spaces are also provided.
Recent work includes stainless-steel appliance replacements, kitchen cabinet updates, air-handler updates in select units, new closet doors and 20-by-20-inch porcelain tile flooring in select residences.
Recent work includes stainless-steel appliance replacements, kitchen cabinet updates, air-handler updates in select units, new closet doors and 20-by-20-inch porcelain tile flooring in select residences.
Key Highlights
- Four 2‑bedroom, 2‑bath residences
- 3,964 square feet; built in 1973
- Separate electric meters and central air conditioning
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has a split-bedroom layout, central air conditioning and a covered private patio.
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 2‑bedroom, 2‑bath residences; 3,964 square feet; built in 1973; Separate electric meters and central air conditioning
