11440 39Th StCoral Springs, FL 33065

Property Details for 11440 39Th St

Year built

1973

Property size (Sq ft)

3,398 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This meticulously maintained three-unit triplex in Coral Springs, Florida, presents a compelling investment opportunity. Built in 1973, this two-story property boasts a total of 4,163 net rentable square feet, currently operating at 75% occupancy. Each unit has recently undergone renovations and upgrades, enhancing their appeal and rental value. The ground-floor unit features a modern open kitchen with granite countertops, ample cabinetry, an oversized refrigerator, and a five-burner range with a commercial hood. An adjoining office offers flexibility, potentially converting to an extra bedroom. The property also includes a spacious den and an oversized two-car garage. Exterior features include numerous fruit trees and a recently resurfaced parking lot. The roof is approximately six years old. Located in a desirable area, the property enjoys proximity to schools, shopping, and restaurants, with convenient access to the Sawgrass Express (five minutes) and Sawgrass Mall (15 minutes). The property is zoned Residential RE1 and is offered for sale by owner at $1,189,000, representing a price per unit of $396,333.33. This represents a strong owner-user opportunity with significant residual income potential. The property's recent upgrades, desirable location, and strong rental demand make it an attractive investment for both seasoned and first-time investors.

Location Insight

City

Coral Springs

County

Broward

State

Florida

Latitude

26.2783

Longitude

-80.2789

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