2977 92Nd Ave Coral Springs, FL 33065

This exceptional 4-unit apartment building, located at 2977 NW 92nd Ave, Coral Springs, FL 33065, presents a compelling investment opportunity. The property, built in 1990 and extensively renovated in 2023, boasts a total of 5,648 square feet on a 12,497 square foot lot. The building features two stories and is zoned Rm-15. Each of the four units offers four bedrooms and two bathrooms, currently rented at $2,500 per month, with market rents estimated at $3,000-$3,300. The property's recent renovations include new kitchens, bathrooms, and windows, enhancing both aesthetics and energy efficiency. The current occupancy is 100%, as of February 12, 2024, generating a Net Operating Income (NOI) of $88,296 and a 5.27% cap rate. The asking price is $1,675,000, representing a price per unit of $418,750 and a price per square foot of $296.57. This fee-simple ownership opportunity offers significant potential for increased rental income and strong returns on investment. The property's prime location in Coral Springs, Broward County, further enhances its appeal. The APN is 484121022730. This is a Class A, stabilized investment property with significant upside potential.