Description
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.,
, CORAL SPRINGS LAKES 68-12 B LOTS 14,15,16 & 17 BLK F
Features
- Building Area Total
23622
- Building Area Units
Square Feet
- City
Coral Springs
- Contract Status Change Date
2024-06-03 00:00:00
- County Or Parish
Broward County
- Days On Market
2
- Latitude
26
- List A O R
A-Miami Association of REALTORS
- List Price
6500000
- Living Area Units
Square Feet
- Longitude
-80
- Lot Size Square Feet
47296
- Lot Size Units
Square Feet
- Major Change Type
New
- Mls Status
Active
- On Market Date
2024-06-03 00:00:00
- Original List Price
6500000
- Originating System Name
miamire
- Parcel Number
484116061200
- Parking Total
38
- Postal Code
33065
- Postal Code Plus4
2883
- Property Type
Commercial Sale
- Public Survey Range
48
- Public Survey Section
16
- Public Survey Township
48
- Standard Status
Active
- State Or Province
FL
- Stories
2
- Stories Total
2
- Tax Legal Description
CORAL SPRINGS LAKES 68-12 B LOTS 14
15
16 & 17 BLK F
- Unparsed Address
10120 NW 36th St
Coral Springs FL 33065
- Virtual Tour URL Unbranded
https://www.propertypanorama.com/instaview/mia/A11599836
- Year Built
1975
- Zoning
RM-20
