Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Country Park Condominiums (herein referred to as “The Property”), a portfolio consisting of six out of 34 garden-style condominiums located on Coral Springs Drive, and just south of Sample Road in the highly desirable city of Coral Springs. Country Park Condominiums offers an exceptional value-add opportunity in one of Broward County’s most desirable submarkets. Built in 1987, this six-unit condominium portfolio is located within the well-maintained Country Park Condominiums community in Coral Springs, Florida. The offering includes four two-bedroom, two-bathroom units (860 SF) and two two-bedroom, two and one half-bathroom townhomes (1,130 SF) offering a diverse and appealing unit mix. The portfolio is comprised of units spread across four separate two-story buildings with pitched tile roofs, contributing to the community’s appealing architectural character and long-term durability. These buildings have passed the 40-year recertification, ensuring compliance with key structural and safety requirements—minimizing future capital expenditure risks. All units are equipped with in-unit washer/dryers, central air conditioning, and full kitchens with electric stove-tops, ovens, dishwashers, and ample cabinetry. Flooring consists of carpet and tile, and select units have been upgraded with granite countertops. Each unit has its own individual electric meter and hot water heater. The two townhome units feature private, screened-in balconies, adding to their tenant appeal. Country Park is a low-density, 34-unit condominium community with a gated community swimming pool and well-kept common areas, offering residents a peaceful and residential environment. The current owner has managed the units for nearly 30 years, and while they are well-maintained, the interiors remain primarily originally creating a clear and compelling value-add opportunity. Renovations such as updated kitchens, bathrooms, flooring, and finishes could yield rent increases of $400–$600+ per unit, with current rents approximately 30 percent below market. Located on Coral Springs Drive, the property is just minutes from The Walk at Coral Springs, Coral Square Mall, Mullins Park, and top-rated public schools. Coral Springs is known for its strong municipal infrastructure, excellent quality of life, and growing population. With high renter demand and limited new multifamily inventory, the city offers a strong and stable investment environment.