Two-Story 8-Unit Multifamily
11676 NW 45th Street # 8 #1-8 Coral Springs, FL 33065
For Sale
Contact for pricing
Well-maintained 2-story multifamily with new roof, two laundry rooms, and 17 dedicated parking spaces.
Property Size8,154 SF
Price / SF$275.94
Days on Market168
Property Features for 11676 NW 45th Street # 8 #1-8
General Information
- Standard status
- Active
- Size
- 8,154 SF
- Property subtype
- Multifamily, Business for Sale, Office
Building Details
- Year Built
- 1984
Listing Agency:
LoKation
Listed By:
ROBBI A · License #FL 3279734
Source:
Crexi
Added: Feb 5
Changed: Jul 10
Last Checked: Jul 22 at 5:48PM
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
Investment Insights
Based on property information with market context.
This beautifully maintained two-story multifamily property consists of eight units totaling 16 bedrooms and 16 bathrooms. The building is fully rented. A new roof was installed in 2021, and the property includes two separate laundry rooms. There are 17 dedicated parking spaces on site, supporting convenient tenant parking and day-to-day operations.
The asset is located in Coral Springs, described as being in the heart of the city and within steps of shopping and dining. It is also noted as being only minutes from major highways, providing convenient access for residents and service needs.
For buyers and investors seeking a turnkey residential income property, this offering includes fully occupied units and available rent roll information upon request, along with income and expense details. The seller also reports that a completed 40-year inspection has just been finalized. With on-site laundry facilities and ample dedicated parking, the property is positioned to support everyday resident needs while maintaining an orderly, maintained exterior and overall presentation.
The asset is located in Coral Springs, described as being in the heart of the city and within steps of shopping and dining. It is also noted as being only minutes from major highways, providing convenient access for residents and service needs.
For buyers and investors seeking a turnkey residential income property, this offering includes fully occupied units and available rent roll information upon request, along with income and expense details. The seller also reports that a completed 40-year inspection has just been finalized. With on-site laundry facilities and ample dedicated parking, the property is positioned to support everyday resident needs while maintaining an orderly, maintained exterior and overall presentation.
Key Highlights
- Well‑maintained 2‑story 8‑unit multifamily building built in 1984
- All 8 units are fully rented and the property is fully occupied
- New roof installed in 2021
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $247.6k | $30.36 |
| − Vacancy | −$11.1k | −$1.37 |
| EGI | $236.4k | $28.99 |
| − OpEx | −$106.4k | −$13.05 |
| NOI | $130.0k | $15.95 |
8,154 SF · lease $30.36/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.86M
$1.63M – $2.17M
NOI $130,028 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.90M
$12.17M – $16.22M
NOI $973,345 @ 7.0% cap · market cap 43.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained 2-story multifamily with new roof, two laundry rooms, and 17 dedicated parking spaces.
Where is this apartment building located?
The property is located at 11676 NW 45th Street # 8 #1-8 Coral Springs, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Well‑maintained 2‑story 8‑unit multifamily building built in 1984; All 8 units are fully rented and the property is fully occupied; New roof installed in 2021
