Overview

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  • Status: Active
  • Parking No info
  • Size: No info
  • Price Per: No info/No info
  • Type: Multi Family
  • Built: 1975
  • HOA: No info
  • MLS Number: A11599836
  • View No info
  • On Site: 171 days
  • Updated: 171 Days Ago
  • Page Views: 3

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.

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Price History

DateEventPriceChange RatePrice Per
06/04/2024Listed$6,500,000.00$275.17 ft2/$2,961.88 m2

Features

Property Details for , Coral Springs, FL 33065

Multi Family current status is Active, is a Multi Family in , Coral Springs, FL 33065 with property MLS ID# A11599836. This Multi Family has been listed on Best of Luxury Realty since June 04, 2024 and is currently priced at 6,500,000. This property was built in 1975.
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Area Specialist

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Tracey Schmitt
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Email: tracey@bestofluxuryrealty.com
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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This property is courtesy of the CBRE, Inc.. This listing has been viewed 3 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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