Duplex with Florida
New
For Sale
$899,900
3259 NW 118TH Lane #N-S, Coral Springs, FL 33065
The two-unit property has separate kitchens and family rooms, with schools within walking distance.
Property Size3,462 SF
Price / SF$259.94
Days on Market4
Property Features for 3259 NW 118TH Lane #N-S
General Information
Standard status
Active
Size
3,462 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1974
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Aziz A Charania · License #3132256
(786) 508-2450
Source:
Lehmannflorida
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:32AM
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 LoKation
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Investment Insights
Based on property information with market context.
Built in 1974, this 3,462-square-foot duplex has two units, each with a kitchen, family room, Florida room, and enclosed patio. The patios are described as having potential to serve as additional bedrooms. One unit also includes a one-car garage and a large laundry room; the other offers parking for two cars and a circular driveway.
The property occupies a corner location among single-family homes. Elementary, middle, and high schools are all within walking distance.
The property occupies a corner location among single-family homes. Elementary, middle, and high schools are all within walking distance.
Key Highlights
- 3,462‑square‑foot duplex built in 1974
- Both units have a kitchen, family room, Florida room, and enclosed patio
- One unit includes a one‑car garage and large laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,854
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,080
$1.2M
Cap Rate 7%
$855,057
$855.1K
Cap Rate 9%
$665,044
$665.0K
Market Conditions
NOI Build-Up for 3,462 SF
Gross rent
$89.3K $25.80/SF
− Vacancy
−$3.8K −$1.10/SF
EGI
$85.5K $24.70/SF
− OpEx
−$25.7K −$7.41/SF
NOI
$59.9K $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%
$1,197,080
Cap Rate 7%
$855,057
Cap Rate 9%
$665,044
Alternative Uses
Best Use
Multifamily LT 5
$855.1K
$748.2K – $997.6K
NOI $59,854 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$788.7K
$690.1K – $920.1K
NOI $55,207 @ 7.0% cap · market cap 6.13%
Theoretical Best
Specialty Retail
$5.90M
$5.17M – $6.89M
NOI $413,260 @ 7.0% cap · market cap 45.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,044
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 - The two-unit property has separate kitchens and family rooms, with schools within walking distance.
Where is this duplex located?
The property is located at 3259 NW 118TH Lane #N-S Coral Springs, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 3,462‑square‑foot duplex built in 1974; Both units have a kitchen, family room, Florida room, and enclosed patio; One unit includes a one‑car garage and large laundry room
