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    Coconut Creek Multifamily Building Title is generated by Realmo AI

    461 Sunshine Drive, Coconut Creek, FL

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    Claim this Listing
    For Sale
    $1,125,000

    MULTI_FAMILY - Coconut Creek, FL

    Property size:
    4,924 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $228/SF
    Added:
    Mar 19, 2026
    Days on Market:
    86
    Last Refresh:
    Jun 12 at 1:06 am

    Property Features for 461 Sunshine Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM-10
    Parking
    12
    Parking features
    Assigned
    Standard status
    Active
    APN
    484232101340
    Size
    4,924 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    COCONUT CREEK 10TH SEC 70-29 B LOT 20 BLK 40 AKA: 461 SUNSHINE DR
    Tax Annual Amount
    22686

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    2
    Flooring type
    Tile
    Building materials
    Stucco

    We can help!

    Listing Contact
    Natalie Aballi

    Listing agent Natalie Aballi License #3596183

    Listing office Compass Florida, LLC 1212 Lincoln Rd Suite 113, Miami Beach, FL

    Listing date Mar 19, 2026

    MLS# B26004385

    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.

    HighLights

    • 6‑unit multifamily building in Coconut Creek
    • Built in 1975
    • Stucco exterior with tile flooring
    • Electric heating with central air and electric cooling
    • Public water and public sewer connections
    • Assigned parking

    Overview

    This multifamily building is located in Coconut Creek, Florida. The property contains six units within a 4,924 square-foot building on a 0.26-acre lot. The zoning is RM-10.

    Local 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 $144.2k $29.28
    − Vacancy −$6.5k −$1.32
    EGI $137.7k $27.96
    − OpEx −$62.0k −$12.58
    NOI $75.7k $15.38
    4,924 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.08M
    $946.6K – $1.26M (±1% cap)
    NOI $75,728 @ 7.0% cap · market cap 6.73%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.50M
    $2.19M – $2.91M (±1% cap)
    NOI $174,871 @ 7.0% cap · market cap 15.54%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coconut Creek
    County
    Broward
    State
    Florida
    Longitude
    -80.174358
    Latitude
    26.236793

    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily building in Coconut Creek, Florida.
    Where is this apartment building located?
    The property is located at 461 Sunshine Drive Coconut Creek, FL.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: 6‑unit multifamily building in Coconut Creek; Built in 1975; Stucco exterior with tile flooring
    More about this property
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