3331 coral hills drCoral Springs, FL 33065

$8,995,000Price
42,425 Sq.Ft.$212 / Sq.Ft.
42,425Sq.Ft.
$212per Sq.Ft.
OverviewLocationBuilding informationProperty InfoPublic Records
$8,995,000Price
42,425$212.02 / Sq.Ft.

3331 coral hills drCoral Springs, FL 33065

Description

ATTENTION DEVELOPERS and INVESTORS! Here is your chance to purchase 53 units that are 100% rented, and possibly develop 3 ACRES in the middle of Coral Springs’ Downtown District in the future. 55% of tenants have lived here for over 5 years. Located near intersection of University Dr. and Sample Rd. The area is seeing a great redeveloping with Cornerstone Plaza, a mixed-use property including a full service hotel, luxury apartments, restaurants, and retail space. And coming soon across from Cornerstone Plaza will be City Village. The property consists of 3 one acre parcels with 5 one story buildings and parking. Zoned DT-MU (Downtown Mixed-Use). The CAP rate is 5.1% with the current rates. Market rental rates will bring up the CAP rate to 6.9%. Current financials available upon request.

Property Details for 3331 Coral Hills Dr

  • Parking FeaturesFree Parking, Guest
  • Property AttachedNo
  • Waterfront FeaturesCanal Front

LISTING UPDATED:

  • StatusClosed
  • MLS #A11736676
  • Days on Site4
  • Taxes$154,053 / year
  • MLS TypeCommercial Sale
  • Year Built1973
  • Lot Size2.98 Acres
  • CountryBroward County

Location

FLCoral Springs330653331 Coral Hills Dr

Listing Courtesy of iMarket Realty - Monico Aguiar

LISTING UPDATED:

  • StatusClosed
  • MLS #A11736676
  • Days on Site4
  • Taxes$154,053 / year
  • MLS TypeCommercial Sale
  • Year Built1973
  • Lot Size2.98 Acres
  • CountryBroward County

Building Information for 3331 Coral Hills Dr

Payment Calculator

$60,713 per month30 year fixed, 7.00% Interest
Principal and Interest$47,875.17
Property Taxes$12,837.75
HOA Dues$0

Term

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Home Price

Down Payment

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Property Information for 3331 Coral Hills Dr

Summary

Location and General Information

  • Coordinates: 26.2714852,-80.25356529999999

School Information

    Taxes and HOA Information

    • Parcel Number: 484121010112
    • Tax Legal Description: FLA FRUIT LANDS CO SUB NO 2 1-102 PB 21-48-41 TR 1 S 180 OF N 418,LESS W 30 & LESS E 1035

    Virtual Tour

      Parking

      • Open Parking: No

      Interior and Exterior Features

      Interior Features

      • Basement: None

      Exterior Features

      • Construction Materials: CBS Construction
      • Roof Type: Tile Roof
      • Pool Private: Yes
      • Road Frontage Type: City Street

      Property

      Utilities

        Property and Assessments

        • Home Warranty: No

        Green Features

          Lot Information

          • Waterfront Footage: Canal Front

          Multi Family

          • Number of Units To Be Built: Square Feet

          Rental

          Rent Information

          • Land Lease: No

          Public Records for 3331 Coral Hills Dr

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