Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale Riverview Square, a ten-unit condominium located at 3351-3369 NW 86th Avenue in Coral Springs, Florida. SUBJECT PROPERTY Riverview Square was built in 1982 of concrete block and stucco, consists of 10,410 square-feet and encompasses a 23,508 square-foot lot, according to the Broward County Property Appraise¬r. The unit mix consists of (10) two-bedroom | two-bathroom apartments ranging from 1,035 – 1,050 square feet with an average in-place rent of $2,105 per month. Residents are responsible for their own electricity, while water, sewer and trash are included in the rent. All units have washers and dryers inside, as well as hurricane resistant impact windows. Standard units feature ceramic tile, formica countertops, stainless steel or white electric appliances, individual hot water heaters and central air conditioning. The current owner replaced the roof in May 2024 and installed new windows in June 2024. LOCATION Riverview Square is located at the southwest corner of Sample Road and Northwest 86th Avenue, just east of University Drive in the Forest Hills neighborhood of Coral Springs. The surrounding area consists primarily of single-family homes, condominiums, and multifamily properties with an average household income of $98,794 (3-miles) according to Experian. Riverview Square is located just a short distance from many retailers and points of interest such as Dunkin’ (0.5 miles), Tap 42 (1.0 miles), Northwest Regional Library (1.1 miles), Trader Joes (1.2 miles), Five Guys (1.2 miles), LA Fitness (1.2 miles), Broward Health Coral Springs Medical Center (1.4 miles), Total Wine (1.4 miles). Additionally, the property is also just a short drive from Walgreens Pharmacy at Royal Palm Boulevard (1.5 miles), Publix Supermarket at North University Drive (1.5 miles), Turtle Run Shoppes (2.1 miles) and Seminole Casino Coconut Creek (3.3 miles). Local nearby education centers include Forest Hills Elementary School (0.3 miles), Hunt Elementary School (0.7 miles), Coral Springs High School (1.4 miles) and Forest Glen Middle School (2.7 miles). SUMMARY Riverview Square are being offered for sale at $2,650,000 or $265,000 per unit.