22129, Coral Springs, FL 33065

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Randy N.

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Building Details:

22129 is amulti-family property for lease in Coral Springs, FL.

Two well maintained, 8 unit multifamily property consisting of two separate fourplexes located in the beautiful city of Coral Springs, FL. With a 12.54% cash-on-cash return, this property is located in the thriving market of Coral Springs, FL. Both 4 units, 2 story buildings were built in 1973 and have been well maintained ever since. Both fourplexes feature newer roofs replaced in 2006. The first fourplex features 4,393 square feet situated on a 8,000 square feet lot and the second fourplex features 4,596 square feet situated on a 7,500 square feet lot.

The properties boast 100% occupancy, spectacular unit mix consisting of only 3/2's, and long term tenants. With many tenants paying below market rents, the savvy investor can increase revenue by bringing rents up to market. Income to the new owner is additionally increased by revenue from the Washers and Dryers on the premises. (Br. # 22129)


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