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    10901-10931 Royal Palm Blvd Coral Springs, FL 33065

    Sponsored
    For Sale
    $5,600,000

    16-Unit Complex, Updated, Prime Location

    Property size:
    14,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional multifamily investment opportunity presents a rare chance to acquire a well-maintained 16-unit property situated on a single lot in the desirable Coral Springs, Florida neighborhood. The property consists of two side-by-side buildings, each boasting eight units. The unit mix includes four three-bedroom, two-bathroom units and four two-bedroom, two-bathroom units. Built in 1992, the property features a brand new roof, significantly enhancing its value and reducing future maintenance costs. Each unit is equipped with its own electric meter, providing individual utility control and cost efficiency. Residents enjoy the convenience of two assigned parking spaces per unit, along with private patios and individual inside washer/dryer hookups. Further enhancing the appeal, each unit includes a small storage closet. The property's location offers easy access to excellent schools, major highways, a wide array of shopping options, and diverse dining experiences. With its strong tenant base and desirable amenities, this property represents a compelling investment opportunity in a thriving Florida market. The total square footage is 14,880 across the two two-story buildings. The asking price is $5,600,000. This property is located at 10901-10931 Royal Palm Blvd, Coral Springs, FL 33065.

    Property Features for 10901-10931 Royal Palm Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    14,880 SF

    Building Details

    Year Built
    1992
    Buildings
    2
    Stories
    2

    HighLights

    • Exceptional 16‑unit multifamily investment opportunity in desirable Coral Springs, FL.
    • Two side‑by‑side buildings, each with eight units (four 3/2 and four 2/2).
    • 14,880 square feet total, built in 1992, featuring a brand new roof.
    • Individual electric meters, two assigned parking spaces, private patios, inside washer/dryer hookups, and storage closets per unit.
    • Excellent location with easy access to schools, highways, shopping, and dining; strong tenant base.
    • Asking price: $5,600,000; located at 10901‑10931 Royal Palm Blvd, Coral Springs, FL 33065.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2714842
    Latitude
    26.2594133

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    FAQs

    What type of property is this?
    Multifamily property - 16-Unit Complex, Updated, Prime Location
    Where is this multifamily property located?
    The property is located at 10901-10931 Royal Palm Blvd Coral Springs, FL.
    What is the asking price?
    The asking price for this property is $5,600,000.
    What are key features of this property?
    This property features: Exceptional 16-unit multifamily investment opportunity in desirable Coral Springs, FL.; Two side-by-side buildings, each with eight units (four 3/2 and four 2/2).; 14,880 square feet total, built in 1992, featuring a brand new roof.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10901-10931 Royal Palm Blvd Coral Springs, FL 33065
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