Duplex with Florida
New
For Sale
$899,900
N-s-3259 Nw 118th Ln, Coral Springs, FL 33071
Corner property with separate living and kitchen areas, enclosed patios, and parking options for both units.
Property Size3,462 SF
Price / SF$259.94
Days on Market7
Property Features for N-s-3259 Nw 118th Ln
General Information
Standard status
Active
Size
3,462 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Isles East
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,594
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Aziz A Charania · License #3132256
(786) 508-2450
Source:
Exprealty
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 27 at 3:14AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,462-square-foot duplex has two units, each with a family room, kitchen, Florida room, and enclosed patio. The patios may offer potential for additional bedroom space. Unit 1 includes a one-car garage and a large laundry room. Unit 2 has an eat-in kitchen and parking for two cars, along with a circular driveway.
The property occupies a corner location among single-family homes. Elementary, middle, and high schools are within walking distance.
The property occupies a corner location among single-family homes. Elementary, middle, and high schools are within walking distance.
Key Highlights
- 3,462‑square‑foot duplex with two units
- Both units include a Florida room and an enclosed patio
- Unit 1 has 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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Explore this area
Business Placement
Demographics for 33071, FL
40,026
Population
14,184
Households
2.8
Avg Household Size
40
Median Age
43%
College-Educated
95%
High-School Grad
7.5 sq mi
ZIP Area
5,337
Density / Sq Mi
$100,279
Median Household Income
$50,090
Median Earnings
$2,092
Median Rent
$537,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Corner property with separate living and kitchen areas, enclosed patios, and parking options for both units.
Where is this duplex located?
The property is located at N-s-3259 Nw 118th Ln 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 with two units; Both units include a Florida room and an enclosed patio; Unit 1 has a one‑car garage and large laundry room
