10120 Northwest 36Th St Coral Springs, FL 33065

This exceptional value-add investment opportunity presents a 20-unit multifamily property located at 10120 NW 36th St, Coral Springs, FL 33065, in Broward County. The property, known as Jacob Apartments, consists of two two-story buildings constructed in 1975. The complex comprises 12 two-bedroom and 8 three-bedroom units, each averaging a generous 1,181 square feet. Currently boasting 100% occupancy, the property offers effective rents of $2,200 per unit ($1.86 per square foot). Market rents are significantly higher, at $2,397 per unit ($2.03 per square foot), representing a substantial $47,000 annual loss-to-lease upside. Five units have already been renovated to command market rents of $2,510 per unit ($2.13 per square foot), demonstrating the potential for further value enhancement. Renovating the remaining 15 units could unlock an additional $74,000 in value. The property is situated in a desirable Coral Springs location, surrounded by affluent neighborhoods and highly-rated public schools. The asking price for this lucrative investment is $6,500,000.