Active

Private Address

$6,500,000


$275.17 per sqft

Active

23,622 sqft

Commercial

Built in 1975

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.

A11599836

MLS ID

June 3, 2024

Listed

October 2, 2024

Updated

Map

Private Address

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.09 Acres

Other Property Details

Taxes

$69,851


Tax Frequency

Annually


Days on Market

2


Garage

No


Parking Total

38


View

No


County

Broward County


Pool

No


Zoning

RM-20

Listed by:  CBRE, Inc.
Listing Contact: 352-278-7572 

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  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. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

©2024 Miami Association of REALTORS® all rights reserved. 

Data last updated 2:37 AM UTC, 10/2/2024.

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