8303 Sample Rd, Coral Springs, FL 33065
- Commercial real estate
- 9,230 SF
Current Use by Public Records
- Commercial real estate
Property Details for 8303 Sample Rd
- Property type
- Commercial real estate
Description
This exceptional 10-unit apartment building presents a compelling investment opportunity in the thriving Coral Springs, Florida market. Located at 8303 W Sample Road, this two-story, 9,230 square foot building boasts a 100% occupancy rate and sits on a spacious 18,034 square foot lot. The property features a mix of unit sizes, including four 2-bedroom, 1-bathroom units (996 sq ft each), two 3-bedroom, 2-bathroom units (1,453 sq ft each), and four 1-bedroom, 1-bathroom units (585 sq ft each). Recent renovations, completed in 2021, include a new roof and updated kitchens and central air conditioning/heating systems. Further enhancing the property's value are impact windows installed in February 2020 and two separate coin-operated laundry facilities for tenant convenience. The building's Class B designation reflects its well-maintained condition and strong rental history. This property offers a compelling 4.99% cap rate and is priced at $2,790,000 ($279,000 per unit). Its prime location, minutes from the popular Walk at University shopping and dining destination, ensures strong rental demand and future appreciation potential in this rapidly developing area of Northwest Broward County. The property is not subject to a ground lease.
Value Estimations
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coral Springs
- County
- Broward
- State
- Florida
- Longitude
- -80.2371826
- Latitude
- 26.2726122
