$1,650,000
$1,790,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
11551 Royal Palm Blvd #1-5 Coral Springs, FL 33065
0.41 Acres Lot
Key Details
Sold Price $1,650,000
Property Type Multi-Family, Commercial
Sub Type Income/Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID F10406389
Year Built 1985
Annual Tax Amount $20,414
Tax Year 2022
Lot Size 0.408 Acres
Property Description
5 Unit Building On Over A Quarter Acre, Located Directly On Royal Palm Blvd. All Units Are Extremely Large Townhomes Which Include Two Units Are 3 Bedroom 2 1/2 Baths. Three Units Are 2 Bedroom 2 1/2 Baths. Total Square Feet For Entire Building Is Around 7500SQft. All Units Have Private Screened Patio, Eat In Kitchen, Full Dinning And Living. All Units Have Full Size Washers/Dryers. Current Rents Are Way Below Market, Some Tenants Have Been There For Over Ten Years. Tremendous Upside. Projected Annual Gross Income is $145,548. Annual Expenses Are $34,038. Expenses Include Taxes (Trash Included) $20,414 Landscaping:$4,284 Insurance: $4,600 Water: $4,500 Electric (House): $240. Buildings Like This Are Rarely Available In Coral Springs So Don't Miss Out On This One! This Is A Must See!
Location
State FL
County Broward County
Area North Broward 441 To Everglades (3611-3642)
Zoning RM-20
Interior
Heating Central Individual A/C
Cooling Central Individual A/C
Flooring Carpeted Floors, Tile Floors
Exterior
Waterfront No
Water Access N
Roof Type Tile Roof
Building
Story 2.0000
Foundation Cbs Construction
Sewer Other Sewer
Water Public Water
Others
Acceptable Financing Cash, Conventional/Refinance
Listing Terms Cash, Conventional/Refinance
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Bought with Bridgestone Realty LLC