Tenant-Occupied
For Sale
$765,000
11041 NW 39th Street, Coral Springs, FL 33065
Two four-bedroom residences feature separate electric meters, tile flooring, stainless-steel appliances, and no HOA.
Property Size2,829 SF
Price / SF$270.41
Days on Market53
Property Features for 11041 NW 39th Street
General Information
Standard status
Active
Size
2,829 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
Glenwood
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,157
Building Details
Building Size
2,829 SF
Year Built
1972
Buildings
1
Tenancy
Multi
Listing Agency:
Stratwell, LLC
Listed By:
Eddie Blanco · License #0658938
(305) 403-6446
Source:
Pamandtoni
Added: Sep 3
Changed: Oct 13
Last Checked: Oct 25 at 12:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stratwell, LLC
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Investment Insights
Based on property information with market context.
This duplex contains two tenant-occupied units, each with 4 bedrooms and 2 bathrooms. The 2,829-square-foot property includes tile flooring throughout, stainless-steel appliances, separate electric meters, and a circular driveway. Both residences are subject to Section 8 occupancy.
Built in 1972, the property is zoned RD-8 and is located at 11041 NW 39th Street in Coral Springs, Florida. No HOA applies to the property. Access is limited, and tenant privacy should be maintained during any visit or showing.
Built in 1972, the property is zoned RD-8 and is located at 11041 NW 39th Street in Coral Springs, Florida. No HOA applies to the property. Access is limited, and tenant privacy should be maintained during any visit or showing.
Key Highlights
- Two‑unit duplex with 4‑bedroom, 2‑bathroom layouts
- 2,829 SF property built in 1972
- Both units are tenant occupied and participate in Section 8
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,910
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,200
$978.2K
Cap Rate 7%
$698,714
$698.7K
Cap Rate 9%
$543,444
$543.4K
Market Conditions
NOI Build-Up for 2,829 SF
Gross rent
$73.0K $25.80/SF
− Vacancy
−$3.1K −$1.10/SF
EGI
$69.9K $24.70/SF
− OpEx
−$21.0K −$7.41/SF
NOI
$48.9K $17.29/SF
Area
Coral Springs, FL
Vacancy
4.27%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,200
Cap Rate 7%
$698,714
Cap Rate 9%
$543,444
Alternative Uses
Best Use
Multifamily LT 5
$698.7K
$611.4K – $815.2K
NOI $48,910 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$644.5K
$563.9K – $751.9K
NOI $45,113 @ 7.0% cap · market cap 5.90%
Theoretical Best
Specialty Retail
$4.82M
$4.22M – $5.63M
NOI $337,698 @ 7.0% cap · market cap 44.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
Explore this area
Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two four-bedroom residences feature separate electric meters, tile flooring, stainless-steel appliances, and no HOA.
Where is this duplex located?
The property is located at 11041 NW 39th Street Coral Springs, FL.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Two‑unit duplex with 4‑bedroom, 2‑bathroom layouts; 2,829 SF property built in 1972; Both units are tenant occupied and participate in Section 8
