Six-Unit Multifamily
461 Sunshine Drive Unit 1-6 Coconut Creek, FL 33066
461 Sunshine Drive Unit 1-6, Coconut Creek, FL, 33066
$1,125,000
For Sale
$1,125,000
Six-unit multifamily building available for sale in Coconut Creek, Florida.
Property Size4,924 SF
Price / SF$228.47
Days on Market128
Property Features for 461 Sunshine Drive Unit 1-6
General Information
- Standard status
- Active
- Size
- 4,924 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1975
Listing agency
Compass Florida, LLC
(718) 614-6446
Listed by
Natalie Aballi · License #3596183
(718) 614-6446
Source
Xome
Added: Mar 17 Updated: Jul 22 at 9:18AM Checked: Jul 22 at 9:18AM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
This six-unit multifamily building is offered for sale as a residential income property containing six units. The property is listed as a multi-family apartment building.
The asset is located at 461 Sunshine Drive Unit 1-6 in Coconut Creek, Florida.
At the time of listing, the property is presented as a six-unit structure under its existing residential income configuration.
The asset is located at 461 Sunshine Drive Unit 1-6 in Coconut Creek, Florida.
At the time of listing, the property is presented as a six-unit structure under its existing residential income configuration.
Key Highlights
- Six‑unit multifamily building available for sale in Coconut Creek, Florida
- Year built 1975
- Zoned 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
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
NOI $174,871 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit multifamily building available for sale in Coconut Creek, Florida.
Where is this apartment building located?
The property is located at 461 Sunshine Drive Unit 1-6 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: Six‑unit multifamily building available for sale in Coconut Creek, Florida; Year built 1975; Zoned RM‑10
