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University Drive Apartments 2977 NW 92nd Ave

4 Unit Apartment Building $1,675,000 ($418,750/Unit) 5.31% Cap Rate Coral Springs, FL 33065

Investment Highlights

  • New Impact Resistance Windows
  • Great Location In Coral Springs
  • New Kitchens and Baths

Executive Summary

Welcome to an exceptional 4-unit apartment building situated in the charming locale of Coral Springs, Florida. Each of the four units presents a generous layout comprising 4 bedrooms and 2 baths, ensuring ample space for comfort and convenience. Meticulously renovated, these residences showcase newly remodeled kitchens and bathrooms, embodying a contemporary aesthetic and offering the latest in functional design. The entire building has been upgraded with state-of-the-art windows, flooding the interiors with natural light while prioritizing energy efficiency.
This property stands as a testament to the seamless integration of modern luxury and practical living. The newly revamped kitchens feature top-of-the-line appliances and stylish finishes, creating a culinary haven for residents. Bathrooms have been transformed into spa-like retreats, adorned with elegant fixtures and thoughtful design elements.
Beyond the interiors, the building is nestled in the thriving community of Coral Springs, offering a prime location for a dynamic and fulfilling lifestyle. With proximity to local amenities, schools, and recreational spaces, residents will find themselves immersed in the vibrant energy of this sought-after neighborhood.
Whether you're a family looking for spacious accommodation or individuals seeking the epitome of contemporary living, these 4-bedroom, 2-bath units provide an unparalleled blend of sophistication and functionality. Elevate your lifestyle in a residence where every detail has been carefully curated to meet the highest standards of comfort and style. Welcome to a new chapter of luxurious living in Coral Springs, Florida.

Property Facts

Price $1,675,000
Price Per Unit $418,750
Sale Type Investment
Cap Rate 5.31%
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Garden
Lot Size 0.29 AC
Building Size 5,648 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1990/2023

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
4+2 4 - 5,648
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
48-41-21-02-2730
Land Assessment
$87,480
Improvements Assessment
$799,980
Total Assessment
$887,460

zoning

Zoning Code RM-15 (Intended for medium density residential development with a variety of housing types.)
RM-15 (Intended for medium density residential development with a variety of housing types.)
  • Listing ID: 30933208

  • Date on Market: 2/11/2024

  • Last Updated:

  • Address: 2977 NW 92nd Ave, Coral Springs, FL 33065

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