3502 Riverside Drive, Coral Springs, FL 33065 (MLS# F10542493)

3502 Riverside Drive, Coral Springs, FL 33065

$899,000

Virtual Tour

https://www.propertypanorama.com/3502-Riverside-Dr-Coral-Springs-FL-33065/unbranded

Property Type: Residential Income Square Footage: 2,513 Status: Active

Current Price: $899,000 List Date: 12/26/2025 Last Modified: 4/09/2026

Overview

Description

Fully leased and income-producing triplex in highly desirable Coral Springs. Excellent opportunity for an investor seeking immediate cash flow in a strong rental market. Property is fully occupied and generates approximately $72,000 in gross annual rent. Estimated total landlord expenses including taxes are approximately $20,000 annually, producing an estimated Net Operating Income of approximately $52,000. Based on an estimated market value of $900,000, this property offers an approximate 5.8% cap rate.Each unit enjoys on-site parking, private yard space, and the property backs up to a canal, offering added privacy and appeal for long-term tenant retention. Located in a sought-after residential community near shopping, major roadways, parks, and schools.

Supplements: Strong demand area with consistent rental history. This is a turn-key multifamily asset offering dependable performance and long-term appreciation potential. Investors only; do not disturb tenants. Showings by appointment only.

Listing Details MLS# F10542493

General Property Information

Number Of Units Total: 3
Property Sub Type: Triplex
Living Area Main: 2513
Year Built: 1973
Gated Community YN: No
Waterfront YN: Yes
Water Frontage Feet: 74
Stories Total: Yes
Pool Private YN: No
LP/Assessed Value: 1.74

Property Features

Association Fee Includes: Water Documents Available: Rent Rolls Flooring: Tile Property Condition: Resale Construction Materials: Block; CBS Cooling: Central Air; Electric Association Type: Other Type of Association Heating: Central; Electric; Separate Meters Listing Terms: Cash; Conventional Possession: Close Of Escrow; Negotiable Restrictions: Other Restrictions Roof: Spanish Tile Sewer: Public Sewer Special Information: Sold As-Is Tax Information: No Homestead Utilities: Cable Available Water Access: Other Water Source: Public Waterfront Features: Canal Front Showing Requirements: Call Listing Agent; Showing Service Outdoor Living Spaces: Balcony; Porch Unit 1 Appliances: Range; Refrigerator Unit 1 Parking Features: Parking Space Unit 2 Appliances: Range; Refrigerator Unit 2 Parking Features: Parking Space Unit 3 Appliances: Range; Refrigerator Unit 3 Parking Features: Parking Space Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 899000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 3502
Street Name: Riverside
Street Suffix: Drive
City Name: Coral Springs
State Or Province: FL
Postal Code: 33065
Postal Code +4: 4740
Postal Zip: 33065
Subdivision Name: Coral Spgs Sub 1 59-30 B
Area: 3622
Geographic Area: NW41 - North Broward 441 To Everglades (3611-3642)
Parcel Number: 484114015580
Zoning: RM-20

Financial Information

Association YN: Yes
Tax Annual Amount: 12903
Tax Year: 2024
Tax Assessed/SOH Value: 517800
Tax Legal Description: CORAL SPRINGS SUB NO 1 59-30 B LOT 15 BLK Y
Assessor Market Value: 517800

Status Change Information

Major Change Timestamp: 2025-12-26T23:02:22Z
Major Change Type: New Listing
Status Change Date: 2025-12-26

More Information

Co-Ownership

Property Management YN: No

Showing Details

Pet(s) on Premises: Yes

Unit 1 Details

Actual Rent: 2500
Baths Full: 2
Efficiency YN: No
Hotel Room YN: No

Unit 1 Lease Description

Lease Term: Month To Month

Unit 2 Details

Actual Rent: 2000
Baths Full: 2
Efficiency YN: No
Hotel Room YN: No

Unit 2 Lease Description

Currently Leased YN: Yes

Unit 3 Details

Actual Rent: 1450
Baths Full: Yes
Efficiency YN: No
Hotel Room YN: No

Unit 3 Lease Description

Lease Term: Month To Month

Price Calculations

Current Price To SqFt: 357.74

Section Details

Parcel Number MLX: 5580

Originating Details

Originating System Key: 608070502
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: FLL

Association Fee Includes

Water: Yes

Flooring

Tile: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Documents Available

Rent Rolls: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Electric: Yes
Separate Meters: Yes

Water Access

Other: Yes

Construction Materials

Block: Yes
CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Spanish Tile: Yes

Water Source

Public: Yes

Waterfront Features

Canal Front: Yes

Cooling

Central Air: Yes
Electric: Yes

Association Type

Other Type of Association: Yes

Showing Requirements

Call Listing Agent: Yes
Showing Service: Yes

Restrictions

Other Restrictions: Yes

Tax Information

No Homestead: Yes

Outdoor Living Spaces

Balcony: Yes
Porch: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Parking Features

Parking Space: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: Coldwell Banker Realty

Last Updated: April - 09 - 2026

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