855.375.4001
Listing Courtesy of: Periklis Synanidis - CBRE, Inc. 352-278-7572
$6,500,000 affordable loan icon Calculate Payment

Address not provided Coral Springs, FL 33065

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Multi-Family Residence
Beds
Baths
... Bed/Bath
23,622 Sq. Ft.

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Last updated on 6/30/2024 9:22 PM
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. Continue reading
MLS#
A11599836
Property Type
Multi-Family
Year Built
1975
Square Feet
23,622 sq. ft
Lot Size
1.09

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Listing Courtesy of: Periklis Synanidis - CBRE, Inc. 352-278-7572
Andrea D. Conner, License # BK3437731, Xome Inc., License CQ1043756, [email protected], 844-400-XOME, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

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This content last refreshed on 6/30/2024 9:22 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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