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10201 NW 35th St - 6 Units West Coral Springs 6 Unit Apartment Building Offered at $2,467,515 CAD at a 5.11% Cap Rate Coral Springs, FL 33065
INVESTMENT HIGHLIGHTS
- Large Corner Location
- Hurricane Impact Windows & Doors
- Centrally Located
EXECUTIVE SUMMARY
Fantastic Find In The Heart Of Coral Springs! This Well-Maintained 6-Unit Multifamily Property Sits On An Oversized Corner Lot Spanning 14,866 Sq Ft And Offers An Excellent Unit Mix Consisting Of Two 3-Bedroom / 2-Bath Units, Two 2-Bedroom / 2-Bath Units, And Two 1-Bedroom / 1 and 1/2-Bath Units. Most Units Have Been Tastefully Updated Over The Last Few Years With Modern Kitchens And Updated Flooring, Enhancing Both Appeal And Long-Term Value. The Building Features A 2007 Roof, Hurricane Impact Windows And Doors, And Central Air Conditioning Throughout. Rents Are Currently Below Market, Presenting A Strong Upside Opportunity For Increased Cash Flow. The Property Generates A Current Gross Income Of $127,800, With Annual Expenses Of $36,320, Including Taxes Of $23,930, Lawn Maintenance Of $1,200, Insurance (No Wind) Of $5,250, Water Of $5,400, And House Electric Of $540, With Trash Included In Taxes. A Rare Opportunity To Acquire A Stable Asset In A Prime Coral Springs Location With Built-In Value-Add Potential.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$176,172
|
$32.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$176,172
|
$32.70
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$50,067
|
$9.29
|
| Net Operating Income |
$126,105
|
$23.41
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $176,172 |
| Annual Per SF | $32.70 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $176,172 |
| Annual Per SF | $32.70 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $50,067 |
| Annual Per SF | $9.29 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $126,105 |
| Annual Per SF | $23.41 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Family Room
- Lawn
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | $3,102 CAD | - |
| 2+2 | 2 | $2,757 CAD | - |
| 1+1 | 2 | $2,068 CAD | - |
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Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (70)
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10201 NW 35th St - 6 Units West Coral Springs
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