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Coral Springs, FL 33065

New Listing

$2,800,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12037111

Property Type: Commercial Sale Square Footage: 9,507 Status: Active

Current Price: $2,800,000 List Date: 6/15/2026 Last Modified: 6/16/2026

Overview

Description

Coral Flats is a 14 unit multifamily investment opportunity located at 8430 NW 40th Street in Coral Springs, Florida. Built in 1972 with durable concrete construction, the property sits on 0.79 acres and consists of 6 one bedroom units and 8 two bedroom/one bath units, averaging 679 square feet. Coral Flats is currently 100% occupied with average in place rents of $1,734 per unit, reflecting strong intrinsic demand and stable tenancy.Ideally positioned in the heart of Coral Springs, the property is surrounded by affluent demographics and some of the highest rated public schools in Broward County. Withina three-mile radius, the average household income is $98,000, which supports market rents of approximately $2,450 per month using a standard 30% rent to income ratio. The surrounding neighborhood is predominantly composed of condominiums and single family homes, enhancing the property’s appeal to quality renters seekingstability and strong school zones.With in-place rents below market, ... (Read more)

Listing Details MLS# A12037111

General Property Information

Number Of Buildings: Yes
Property Sub Type: Multi Family
Number Of Units Total: 2
Occupant Type: Call Listing Agent
Building Area Main: 9507
Year Built: 1972
Parking Total: 24
Lot Size Area: 34415
Lot Size Acres: 0.79
Stories Total: Yes

Property Features

Listing Terms: Cash; Conventional

Contract Information

Comp Sale YN: No
Original List Price: 2800000

Location and Legal

County Or Parish: Broward
County Parish Name: Broward
City Name: Coral Springs
State Or Province: FL
Postal Code: 33065
Postal Code +4: 2968
Geographic Area: NW41 - North Broward 441 To Everglades (3611-3642)
Subdivision Number: 5
Zoning: RM-20
Flood Zone: X

Financial Information

Tax Annual Amount: 63325
Tax Legal Description: CORAL SPRINGS VILLAGE GREEN ADD NO 1 65-21 B LOT 5 & 6 BLK Y

Status Change Information

Major Change Timestamp: 2026-06-15T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-06-15

More Information

Description of Unit Type 1

Unit Type: 1 Bedroom
Units Total: 6
Furnished: No
Annual Rent: 1584

Description of Unit Type 2

Unit Type: 2 Bedroom
Units Total: 8
Furnished: No
Annual Rent: 1846

Price Calculations

Current Price To SqFt: 294.51

Section Details

Parcel Number MLX: 0210

Originating Details

Originating System Key: 513784458
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Listing Terms

Cash: Yes
Conventional: Yes

Listing Office: CBRE, Inc.

Last Updated: June - 16 - 2026

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