Riverside Villas — Sale in Coral Springs, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Coral Springs, FL 33065

Investment Figures

Cap rate
6.08%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap, as exclusive listing agent, is excited to bring to market Riverside Villas at Coral Springs Condominiums, which consists of 40 out of 64 total condominiums. The condominiums are being offered for sale by the original developer of the condominium community. Riverside Villas is located on Riverside Drive in the Forest Hills area of Coral Springs, placing residents within a quiet, centrally located neighborhood that delivers immediate access to daily conveniences and lifestyle amenities along the Sample Road–University Drive corridor. The property consists of two identical four-story buildings that were constructed in 2006 of concrete block with pitched tile roofs and situated on a 2.42-acre site. There is a central courtyard with a gated pool with sundeck, and cabana building. Each building is elevator served and has two stairwells. There is ample open parking that surrounds the property. All condominiums are a three-bedroom and two-bathroom floor plan ranging in size from 1,200 to 1,338 rentable square feet. Each is equipped with central heating and air-conditioning, all electric appliances including dishwasher and built-in microwave, granite countertops, large utility room with washer and dryer hook-ups, 10' ceilings, ceramic tile flooring, alarm system, and private balcony (floors 2 through 4). Individual condominium sales in the subject property average less than 2 per year since its initial offering, which reflects its desirability to its owners. The City of Coral Springs is located in the northwest corner of Broward County and runs along the south and east sides of the Sawgrass Expressway, spanning all the way to the Everglades. The city has an estimated population of approximately 140,800 residents and is characterized by a highly educated, diverse workforce. The city reports high educational attainment levels, strong household incomes, and steady population growth, supporting sustained residential demand. Riverside Villas is approximately 2

Market Context

This multifamily in Coral Springs, FL is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Coral Springs, FL — view the full market.

As of Q1 2026, the Fort Lauderdale multifamily market showed average asking rents near $2203.00/unit/mo, and cap rates around 5.8%. Source: multiple brokerage reports, Q1 2026.

Its 6.1% asking cap rate is in line with the Fort Lauderdale multifamily market average of about 5.8%.

Multifamily market FAQ

What is the typical cap rate for multifamily in Fort Lauderdale?
About 5.8% as of Q1 2026, per multiple brokerage reports.

Contact

Explore this market

Similar Multifamily Property for Sale in Coral Springs, FL