Current Use by Public Records
- Commercial real estate
Property Details for 10901-10931 Royal Palm Blvd
- Year built
- 1992
- Property type
- Commercial real estate
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coral Springs
- County
- Broward
- State
- Florida
- Longitude
- -80.2715
- Latitude
- 26.2594
