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Home61's Closings in
Coral Springs
Amenities
Key features
Living area
N/A
Lot size
N/A
Tax
$ 69,851
$ /sqft
-
Tenant Occupied
No
Parking Space
38
Building
Jacob Apartments
On market
27 days
$ /sqft
-
Type
other
Year Built
1975
Unit
-
Zip Code
33065
Ref./MLS ID
A11599836
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.
Data is provided by Miami Board of Realtors.
Public transportation
Deerfield Beach
118 mins
Pompano Beach
118 mins
Cypress Creek
128 mins
Fort Lauderdale
128 mins
Nearby School In Coral Springs
Data Provided by greatschools.org
Neighborhood
Coral Springs
- Coral Springs
Listed on June 04, 2024 by Periklis Synanidis from CBRE, Inc., this other is for sale. other for sale in Coral Springs listed at $6,500,000, Reference A11599836
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.