3502 Riverside Dr Coral Springs, FL 33065
Listing Courtesy of: BeachesMLS/Matrix / Coldwell Banker Realty / Patrick Barnicle

  3502 Riverside Dr Coral Springs, FL 33065

Active (1 Days)
$899,000 (USD)

Description

Fully leased and income-producing triplex in highly desirable Coral Springs. Excellent opportunity for an investor seeking immediate cash flow in a strong rental market. Property is fully occupied and generates approximately $72,000 in gross annual rent. Estimated total landlord expenses including taxes are approximately $20,000 annually, producing an estimated Net Operating Income of approximately $52,000. Based on an estimated market value of $900,000, this property offers an approximate 5.8% cap rate.

Each unit enjoys on-site parking, private yard space, and the property backs up to a canal, offering added privacy and appeal for long-term tenant retention. Located in a sought-after residential community near shopping, major roadways, parks, and schools.

MLS #:
F10542493
Taxes
$12,903(2024)
Type
Multifamily
Year Built
1973
Style
Triplex
County
Broward County
Community
Coral Spgs Sub 1 59-30 B

Listed By

Patrick Barnicle, Coldwell Banker Realty
Source
BeachesMLS/Matrix
Last checked Dec 27 2025 at 6:48 AM GMT+0000
Bathroom Details
Subdivision
  • Coral Spgs Sub 1 59-30 B
Heating and Cooling
  • Central Heat
  • Electric Heat
  • Central Cooling
  • Electric Cooling
Flooring
  • Tile Floors
Exterior Features
  • Roof: Curved/S-Tile Roof
Utility Information
  • Sewer: Municipal Sewer
Stories
  • 1
Living Area
  • 2,513 sqft
Location
   
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Disclaimer: Copyright 2025 Greater Fort Lauderdale Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/26/25 22:48