FL > Coral Springs
Coral Springs, FL 33065,3331 Coral Hills Dr
Coral Springs, FL 33065,3331 Coral Hills Dr
Coral Springs, FL 33065,3331 Coral Hills Dr
Coral Springs, FL 33065,3331 Coral Hills Dr
Coral Springs, FL 33065,3331 Coral Hills Dr
Coral Springs, FL 33065,3331 Coral Hills Dr
Amy Mitchell
Amy Mitchell

Broker-Associate | Lic# 3024517

+1(786) 386-2735

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$ 8,650,000

$ 8,995,000 3.8%

Est. payment | /mo

42,425 SqFt

$ 8,650,000

$ 8,995,000 3.8%

Est. payment | /mo

42,425 SqFt

Key Details

Sold Price $8,650,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 42,425 sqft

Price per Sqft $203

MLS Listing ID A11736676

Sold Date 04/16/25

Construction Status Resale

HOA Y/N No

Year Built 1973

Annual Tax Amount $154,053

Contingent Pending Inspections

Lot Size 2.980 Acres

Property Sub-Type Multi Family

Property 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.

Location

State FL

County Broward

Area 3626

Exterior

Waterfront Description Canal Front

Roof Type Tile

Private Pool Yes

Building

Story 1

Level or Stories One

Structure Type Block

Construction Status Resale

Others

Tax ID 484121010112

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

Listed by iMarket Realty
Bought with ONE Commercial LLC

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agent
Amy Mitchell

Broker-Associate | Lic# 3024517

+1(786) 386-2735

10752 Deerwood Park Blvd. Suite 100, Jacksonville, FL, 32256

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3331 Coral Hills Dr