1241-1251 W River Dr, Coral Springs

Fausto Commercial is pleased to present an exclusive opportunity to acquire a fully occupied 16-unit multifamily in Margate, situated on a generous 0.71-acre lakefront parcel. Featuring 11,671 SF across 2 two-story concrete block buildings with 12 one-bedroom/1-bath units and four oversized 2-bedroom/1-bath units, offering strong in-place income and consistent tenant demand in one of Broward County’s most stable rental markets. Positioned on a scenic lakefront lot at 1241–1251 W River Dr, the asset benefits from immediate access to major retail, dining, and employment corridors just west of State Road 7. Select units have been renovated with wood cabinetry, granite countertops, and ceramic tile flooring. Currently 100% occupied with a strong 7.19% going-in cap rate, the property delivers immediate and stable cash flow with additional upside through continued interior upgrades. A newer 2022 concrete roof provides significant deferred maintenance protection for a new owner entering the market. Property is fully occupied, income-producing, and positioned for long-term rental growth in Margate.