Basic Information

  • MLS # A11736676
  • Type Multi Family
  • Status Closed
  • Year Built 1973
  • Total Size 129,809 Sq.Ft / 2.98 Acre
  • Date Listed 02/02/2025
  • Days on Market 73
Description

ATTENTION DEVELOPERS and INVESTORS! Here is your chance to purchase 53 units that are 100% rented, and possibly develop 3 ACRES in the middle of Coral Springs’ Downtown District in the future. 55% of tenants have lived here for over 5 years. Located near intersection of University Dr. and Sample Rd. The area is seeing a great redeveloping with Cornerstone Plaza, a mixed-use property including a full service hotel, luxury apartments, restaurants, and retail space. And coming soon across from Cornerstone Plaza will be City Village. The property consists of 3 one acre parcels with 5 one story buildings and parking. Zoned DT-MU (Downtown Mixed-Use). The CAP rate is 5.1% with the current rates. Market rental rates will bring up the CAP rate to 6.9%. Current financials available upon request.

Amenities

Exterior Features

  • Waterfront Yes
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Waterfront Description Canal Front
  • Parking Description Free Parking, Guest
  • Style Multi Family

Interior Features

  • Adjusted Sqft 2.98 AcreSq.Ft
  • Sqft 2.98 Acre Sq.Ft

Property Features

  • Address 3331 Coral Hls Dr
  • Aprox. Lot Size 129,809
  • Construction Materials Block
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $154,053
  • Tax Legal desc FLA FRUIT LANDS CO SUB NO 2 1-102 PB 21-48-41 TR 1 S 180 OF N 418,LESS W 30 & LESS E 1035
  • Tax Year 0
  • Terms Considered Cash, Conventional
  • Type of Property Multi Family
  • Waterfront Description Canal Front

3331 Coral Hls Dr

Coral Springs, FL 33065

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