1100 NW 87th Avenue 405, Coral Springs, FL 33071 — MLS photo

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1100 NW 87th Avenue 405, Coral Springs, FL 33071

Active · Condominium

$98,500

1100 NW 87th Avenue 405, Coral Springs, FL 33071

Beds
1
Baths
2
Living area
835 sq ft
$ / sq ft
$118/sq ft
Year built
1980
Lot size
—
HOA fee
$547 Monthly
Annual tax
$1,896

About this property

Bright 1 Bed / 1.5 Bath, 835 sq ft Condo in the Heart of Coral Springs. Welcome to this inviting 1-bedroom, 1.5-bath condo in the quiet and well-kept Sherwood Square community for all ages. The unit has new carpet floors, but original kitchen, bathrooms and everything else. It's priced as Handyman Special and is ready for the new owner. This bright and spacious unit has a great potential, and features an open layout filled with natural light, a comfortable living area, and sliding doors leading to a screened-in balcony overlooking a private, beautifully landscaped green space — perfect for morning coffee or unwinding in the evening. The bedroom offers generous closet space, and the half bath adds extra convenience for guests. The building includes elevator access, laundry facilities on each floor, assigned parking, and plenty of guest parking. Community amenities include a swimming pool, tennis courts, and picnic/BBQ areas. HOA fee of $466 per month includes water, trash, basic cable, and common area services. Ideally located near Coral Square Mall, shopping, dining, and with easy access to the Turnpike. Association requirements: Minimum 690+ credit score (Equifax) for all buyers. No pets allowed. No pickup trucks, commercial vehicles, or large SUVs. Maximum vehicle size: 72' W x 72' H x 192' L. Leasing allowed after 1 year of ownership. A great opportunity to enjoy a convenient South Florida lifestyle in a prime Coral Springs location.

Property location

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1100 NW 87th Avenue 405, Coral Springs, FL 33071

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
835 sq ft
Flooring
Carpet
Cooling
Central Air
Heating
Central
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1980
Stories
5
Lot size
0 sq ft
Construction
Block
Pool
None, Association, Community

Parking

Covered spaces
0
Parking features
One Space

HOA, Community & Financials

Association fee
$547 Monthly
Amenities
Elevators, Pool, Tennis Courts
Pets allowed
No
Annual tax
$1,896
Subdivision
Sherwood Square
County
Broward
Days on market
264
MLS listing ID
R11156396
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$325

Cap rate
9.6%
Net yield
9.6%
Cash-on-cash return
14.1%
Gross yield
21.6%
Mortgage payment
$467/mo
Down payment
$24,625
Loan amount
$73,875
Annual NOI
$9,499

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.