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    3751 115Th Ave Coral Springs, FL 33065

    For Sale
    $799,000

    Spacious 2-unit duplex, great income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This 2-unit apartment building, built in 1973, presents a compelling investment opportunity in Coral Springs, Florida. Located at 3751 NW 115th Ave, 33065, this single-story property offers two generously sized units, each boasting three large bedrooms and two full bathrooms. Both units feature ample closet space and large enclosed patios with attached storage rooms. The kitchens have been updated with stainless steel appliances and granite countertops, adding a modern touch. Each unit also includes its own laundry room with a washer and dryer. The property benefits from excellent air conditioning, and one unit has recently been fitted with new hurricane windows. Outside, a sizable yard provides ample space, enhanced by two mature mango trees. New gutters were installed in February 2024. Parking is readily available with space for four vehicles. The property's prime location offers easy access to Publix, Costco, numerous restaurants, and Coral Springs Elementary School (less than a mile away). Comparable units in the area command rental rates between $2,300 and $3,100 per month, presenting significant income potential. This property is ideal for investors seeking a strong return, with the flexibility to rent both units or occupy one while generating rental income from the other. The asking price is $799,000. This is a rare opportunity to acquire a well-maintained, income-producing duplex in a desirable neighborhood with no HOA fees.

    Property Features for 3751 115Th Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1973
    Stories
    1
    Units
    2

    HighLights

    • Two‑unit apartment building in Coral Springs, FL, built in 1973.
    • Each unit features three bedrooms, two bathrooms, updated kitchens with stainless steel appliances and granite countertops, and its own laundry room.
    • Property includes ample closet space, large enclosed patios with storage, and a sizable yard with two mango trees.
    • Recent upgrades include new hurricane windows (one unit) and new gutters (February 2024).
    • Four‑car parking, excellent AC, and prime location near Publix, Costco, restaurants, and Coral Springs Elementary School.
    • Comparable rentals: $2,300 - $3,100/month; asking price: $799,000; no HOA fees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2796357
    Latitude
    26.277112

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    FAQs

    What type of property is this?
    Multifamily property - Spacious 2-unit duplex, great income potential.
    Where is this multifamily property located?
    The property is located at 3751 115Th Ave Coral Springs, FL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Two-unit apartment building in Coral Springs, FL, built in 1973.; Each unit features three bedrooms, two bathrooms, updated kitchens with stainless steel appliances and granite countertops, and its own laundry room.; Property includes ample closet space, large enclosed patios with storage, and a sizable yard with two mango trees.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3751 115Th Ave Coral Springs, FL 33065
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