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3502 Riverside Drive, Coral Springs, FL 33065

$899,000

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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: 2/20/2026

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.

More Information MLS# F10542493

Contract Information

Comp Sale YN: No Listing Contract Date: 2025-12-26 Status: Active Original List Price: 899000 List Price: $899,000 Current Price: $899,000

Location and Legal

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

Currently Not Used

Number Of Units Total: 33

General Property Information

Living Area Main: 2513 Gated Community YN: No Water Frontage Feet: 74 Stories Total: 1 Pool Private YN: No LP/Assessed Value: 1.74 Property Sub Type: Triplex Year Built: 1973 Waterfront YN: 1

Financial Information

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

Office/Member Information

DXORIGMLSID: FLL

Association Fee Includes

Water: 1

Flooring

Tile: 1

Property Condition

Resale: 1

Special Information

Sold As-Is: 1

Co-Ownership

Property Management YN: No

Documents Available

Rent Rolls: 1

Possession

Close Of Escrow: 1 Negotiable: 1

Sewer

Public Sewer: 1

Utilities

Cable Available: 1

Heating

Central: 1 Electric: 1 Separate Meters: 1

Water Access

Other: 1

Construction Materials

Block: 1 CBS: 1

Listing Terms

Cash: 1 Conventional: 1

Roof

Spanish Tile: 1

Water Source

Public: 1

Waterfront Features

Canal Front: 1

Cooling

Central Air: 1 Electric: 1

Association Type

Other Type of Association: 1

Showing Requirements

Call Listing Agent: 1 Showing Service: 1

Restrictions

Other Restrictions: 1

Tax Information

No Homestead: 1

Showing Details

Pet(s) on Premises: Yes

Outdoor Living Spaces

Balcony: 1 Porch: 1

Unit 1 Appliances

Range: 1 Refrigerator: 1

Unit 1 Details

Actual Rent: 2500 Baths Full: 2 Beds Total: 3 Efficiency YN: No Hotel Room YN: No

Unit 1 Lease Description

Lease Term: Month To Month

Unit 1 Parking Features

Parking Space: 1

Unit 2 Appliances

Range: 1 Refrigerator: 1

Unit 2 Details

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

Unit 2 Lease Description

Currently Leased YN: Yes

Unit 2 Parking Features

Parking Space: 1

Unit 3 Appliances

Range: 1 Refrigerator: 1

Unit 3 Details

Actual Rent: 1450 Baths Full: 1 Beds Total: 1 Efficiency YN: No Hotel Room YN: No

Unit 3 Lease Description

Lease Term: Month To Month

Unit 3 Parking Features

Parking Space: 1

Price Calculations

Current Price To SqFt: 357.74

Section Details

Parcel Number MLX: 5580

Acreage Description

Less Than 1/4 Acre Lot: 1

Status Change Information

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

Originating Details

Originating System Key: 608070502 Originating System ID: M00000170

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

Listing Office: Coldwell Banker Realty

Last Updated: February - 20 - 2026

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