Skip To Content

Address Not Available By Request

Coral Springs, FL 33065
  • $6,500,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: A11599836
$6,500,000
  • 0
    BEDS
  • 1.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1975
County:

School Ratings & Info

Description

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.

Monthly Payment Calculator



Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2024-06-19T23:51:21.063.
www.roseharrisgroup.com/homes/151315165
Print Image

Address Not Available By Request Coral Springs, FL 33065

  • Price: $6,500,000
  • Status: Active
  • On Site: 15 Days
  • MLS #: A11599836
0
Beds
0
Baths
0
½ Baths
1.09
Acres
1975
Built
County:
Broward
Property Description
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.
Exterior Features

Parking Total 38 Pool Private YN No View YN No Waterfront YN No

Interior Features

Building Area Total 23622 Stories 2

Property Features

Association YN No Building Name Jacob Apartments Business Type ApartmentsResidential-Multi-Family Horse YN No Listing Terms All CashConventional/Refinance New Construction YN No Property Sub Type Income/MultiFamily Public Survey Section 16 Special Listing Conditions Sale Tax Annual Amount 69851 Zoning RM-20

Listing courtesy of CBRE, Inc.: .


Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2024-06-19T23:51:21.063.
 
https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A11599836-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A11599836-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A11599836-2.jpg
Logo
The Rose Harris Group | ONE Sotheby's International Realty
119 Washington Ave
Miami Beach FL, 33139