.5 miles east of University off of Sample road you will fine Riverview Square. These 10 condos occupy the entire two story building. All of the units are 2 bedrooms / 2 bathrooms with washer and dryers in each. All of the units have their own electrical meters. Rents are currently under market value and can be easily raised to $1,850 or more per unit. This would increase the NOI and provide an 8% CAP rate.
County
Broward County
Price Before Reduction
Price Reduction Date
Property Sub Type
Multi Family
Property Type
Commercial Sale
Subdivision
Year Built
1983
Building Area Total
Cooling
Central Air
Electric
Flooring
Ceramic Tile
Heating
Central
Interior Features
Levels
Two
Seating Capacity
Stories
2
Construction Materials
Block
Covered Spaces
0
Exterior Features
Foundation Details
Frontage Length
Lot Features
Lot Size Area
23049
Lot Size Dimensions
Lot Size Square Feet
23049
Number Of Buildings
1
Number Of Units Total
1
Parking Features
Assigned
Parking Total
18
Road Frontage Type
City Street
Roof
Tile
Sewer
Public Sewer
Utilities
Water Source
Public
Building Name
Distance To Freeway Numeric
MLS Area Major
3622
MLS Area Minor
North Broward 441 To Everglades (3611-3642)
Postal City
Coral Springs
Public Survey Township
4841
Waterfront Features
Zoning Description
RM-20
Accessibility Features
Development Status
Documents Available
Aerial, Financials, Rent Rolls
Documents Count
1
Mls Status
Pending
Property Sub Type Additional
Public Survey Section
15
Security Features
Smoke Detector(s)
Year Built Details
Resale
Association Fee
Association Fee Frequency
Association Fee Includes
Contingency
No Contingencies
Disclosures
Existing Lease Type
Gross Income
Gross Scheduled Income
163920
Insurance Expense
Lease Term
Listing Terms
Cash, Conventional
Net Operating Income
101128
Operating Expense
42791
Ownership
Ownership Type
Possession
Professional Management Expense
Special Listing Conditions
Supplies Expense
Tax Annual Amount
23705
Tax Year
2021
Tenant Pays
Electricity
Trash Expense
Vacancy Allowance Rate
0
Listed by: The Keyes Company (305) 308-2718
© 2023 Beaches MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of BMLS. Real estate listings held by IDX Brokerage firms other than Premier Brokers International are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: Thursday, January 26th, 2023 at 05:16:57 PM.
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