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$6,500,000
1 Day Online
Coral Springs, FL 33065
For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths
23,622
SqFt
$275
/SqFt
1975
Built
County:
Broward
Call Now: 954-951-9777
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954-951-9777
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Jacob Apartments is an excellent boutique value-add investment opportunity featuring - 20 oversized apartment units consisting of 12 two- and 8 three-bedroom units averaging 1,181 square feet. The property is located in the heart of Coral Springs, surrounded by affluent demographics and highly rated public schools. Built in 1975, the property is 100% occupied with effective rents of $2,200 per unit - $1.86 PSF. Market rents are $2,397 per unit - $2.03 PSF. 5 of the 20 units have been renovated with market rents of $2,510 per unit - $2.13 PSF. A new buyer can either move all units to market rents which provide $47,000 in loss to lease upside, and/or look to renovate the 15 non renovated units and get $74,000 in additional value add upside.
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Listing Snapshot
Price
$6,500,000
Days Online
1 Day
Bedrooms
N/A
Inside Area (SqFt)
23,622 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
47,296 Acres
Year Built
1975
MLS® Number
A11599836
Status
Active
Property Tax
$69,851
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| yesterday | Listing first seen online | |
| 5 months ago | Listing updated with changes from the MLS® |
General Features
Number Of Stories
2
Parking Spaces
38
Property Sub Type
Multi Family
SqFt Total
23622
Stories
Two
Zoning
RM-20
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Community Features
Financing Terms Available
CashConventional
MLS Area
3625
Listing courtesy of CBRE, Inc.
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2024, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2024, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
Neighborhood & Commute
Source: Walkscore
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