Description
Villa Bianca Condominium, 3990 Woodside Dr, consists of a 16-unit property that has fallen into disrepair with problems ranging from a “falling” and deteriorating roof and inoperable windows to fire and electrical issues. In addition, the property did not obtain its forty-year safety inspection. As such, the building has been deemed unsafe, and the residents were asked to vacate as of August 5, 2021.
The seller owns 10 of the 16 units. The HOA has been placed in receivership. Coral Springs is working on a stipulated agreement to settle the liens, allow a sale, and provide one year to bring the property into compliance. The portfolio includes 5 (1/1) Apartments each at 700 ft.² and 6 (2/2) Apartments containing 950 ft.² with a total of 8250 net rentable square feet for the portfolio.
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Listing Office: Media Realty
