Quadplex with Private
For Sale
$1,250,000
4341 RIVERSIDE Drive A-D, Coral Springs, FL 33065
Four residences offer split-bedroom layouts, central A/C, and separate electric meters.
Property Size3,964 SF
Price / SF$315.34
Days on Market30
Property Features for 4341 RIVERSIDE Drive A-D
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
covered private patios
on-site laundry
Building Details
Building Size
3,964 SF
Year Built
1973
Buildings
1
Listing Agency:
RPM LUXE REALTY
Listed By:
Rodger P Morelli · License #3059403
(561) 929-7317
Source:
Pamandtoni
Added: Sep 23
Changed: Oct 21
Last Checked: Oct 21 at 7:02AM
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.
At 4341 Riverside Drive A-D in Coral Springs, this 3,964-square-foot quadplex contains four residences, each with two bedrooms and two bathrooms. Split-bedroom floor plans, central A/C, separate electric meters, and covered private patios are among the unit features. The property was built in 1973 and includes on-site laundry and eight parking spaces.
Improvements include stainless-steel appliances, refreshed kitchen cabinetry, updated air handlers in select units, new closet doors, and 20-by-20-inch white porcelain flooring in select residences. On-site laundry provides an additional income source.
Improvements include stainless-steel appliances, refreshed kitchen cabinetry, updated air handlers in select units, new closet doors, and 20-by-20-inch white porcelain flooring in select residences. On-site laundry provides an additional income source.
Key Highlights
- Four 2‑bedroom, 2‑bath residences with split‑bedroom floor plans
- 3,964 square feet; built in 1973
- Eight parking spaces and covered private patios
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,533
Cap Rate
5.48%
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 5.48%
Second Best
Apartment 5plus
$903.0K
$790.2K – $1.05M
NOI $63,212 @ 7.0% cap · market cap 5.06%
Theoretical Best
Specialty Retail
$6.76M
$5.91M – $7.89M
NOI $473,184 @ 7.0% cap · market cap 37.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer split-bedroom layouts, central A/C, and separate electric meters.
Where is this quadplex located?
The property is located at 4341 RIVERSIDE Drive A-D Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bath residences with split‑bedroom floor plans; 3,964 square feet; built in 1973; Eight parking spaces and covered private patios
