Residential Income
For Sale
$350,000
Pending
4263 NW 115th Avenue, Coral Springs, FL 33065
Duplex residential income property offered for sale in Coral Springs, Florida.
Property Size1,670 SF
Days on Market105
Property Features for 4263 NW 115th Avenue
General Information
Standard status
Pending
Size
1,670 SF
Property subtype
Duplex
Site & Location
Neighborhood
Coral Village
Taxes and HOA fees
Annual Taxes
$6,916
Building Details
Building Size
1,670 SF
Year Built
1988
Listing Agency:
Fidelity Real Estate Group LLC
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Source:
Pamandtoni
Added: Jul 16
Changed: Oct 26
Last Checked: Oct 27 at 1:04AM
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 Fidelity Real Estate Group LLC
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Investment Insights
Based on property information with market context.
This duplex residential income property is being offered for sale. The asset falls under residential income and multifamily property types, with a total property size of 1,670 square feet.
The property is located at 4263 NW 115th Avenue in Coral Springs, Florida 33065.
Specific unit configuration, interior condition, and amenity details were not provided.
The property is located at 4263 NW 115th Avenue in Coral Springs, Florida 33065.
Specific unit configuration, interior condition, and amenity details were not provided.
Key Highlights
- Duplex residential income property for sale in Coral Springs, Florida
- Built in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,872
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,440
$577.4K
Cap Rate 7%
$412,457
$412.5K
Cap Rate 9%
$320,800
$320.8K
Market Conditions
NOI Build-Up for 1,670 SF
Gross rent
$43.1K $25.80/SF
− Vacancy
−$1.8K −$1.10/SF
EGI
$41.2K $24.70/SF
− OpEx
−$12.4K −$7.41/SF
NOI
$28.9K $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%
$577,440
Cap Rate 7%
$412,457
Cap Rate 9%
$320,800
Alternative Uses
Best Use
Multifamily LT 5
$412.5K
$360.9K – $481.2K
NOI $28,872 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$380.4K
$332.9K – $443.9K
NOI $26,631 @ 7.0% cap · market cap 7.61%
Theoretical Best
Specialty Retail
$2.85M
$2.49M – $3.32M
NOI $199,348 @ 7.0% cap · market cap 56.96%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,065
Businesses Nearby
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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 - Duplex residential income property offered for sale in Coral Springs, Florida.
Where is this duplex located?
The property is located at 4263 NW 115th Avenue Coral Springs, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex residential income property for sale in Coral Springs, Florida; Built in 1988
