Coral Springs Multifamily Investment
11676 NW 45th Street, Coral Springs, FL 33065
MULTI_FAMILY - Coral Springs, FL
Property size:
8,154 SFLot size:
0.51 AcresPrice / SF:
$288/SF- Added:
- Feb 4, 2026
- Days on Market:
- 111
- Last Refresh:
- May 26 at 5:06 pm
Property Features for 11676 NW 45th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-15
- Parking
- 17
- Parking features
- Assigned
- Fencing
- Fenced
- Standard status
- Active
- APN
- 484117020280
- Size
- 8,154 SF
- Lot size
- 0.51 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- GLENWOOD SUBDIVISION 69-33 B LOT 1 BLK B
- Tax Annual Amount
- 35758
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Tile
- Building materials
- CBS
- Roof type
- Barrel
Listing agent Chantal Levy License #3483991 (954) 849-2135
Listing office LoKation 150 S Pine Island Road, Ste. 3, Pompano Beach, FL (954) 545-5583
Listing date Feb 4, 2026
MLS# F10550277
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime Coral Springs location: Steps from shopping, dining, and minutes from major highways.
- Strong investment opportunity: Fully rented units with a strong rental history.
- Turnkey management: Well‑maintained property with rent roll income and expenses available.
- New roof: Installed in 2021.
- Eight units: Featuring 16 bedrooms and 16 bathrooms.
- Spacious lot: Situated on a half‑acre lot with great curb appeal.
Overview
This is an investment opportunity to acquire a beautifully maintained, two-story, eight-unit multifamily building located in Coral Springs, Florida. The property features sixteen beds and sixteen baths. Situated in a prime location, it is just steps from shopping and dining, and minutes from major highways. The property is fully rented and has a strong rental history. A new roof was installed in 2021. There are two separate laundry rooms for additional income. The property includes seventeen dedicated parking spaces. The well-maintained property has great curb appeal and is situated on a spacious half-acre lot. The building has just completed its 40-year inspection. The property is fully occupied and offers turnkey management. The property size is 8154 square feet and the lot size is 0.51 acres. Rent roll income and expenses are available upon request. The zoning is RM-15.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.44M
NOI $130,028 @ 9.00% cap · cautious / downside scenario
Moderate
$1.86M
NOI $130,028 @ 7.00% cap · market / base-case scenario
Aggressive
$2.60M
NOI $130,028 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| 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 Use Scenarios
Best Use
Apartment 5plus
$1.86M
$1.63M – $2.17M
NOI $130,028 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.90M
$12.17M – $16.22M
NOI $973,345 @ 7.0% cap · market cap 41.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Coral Springs
- County
- Broward
- State
- Florida
- Longitude
- -80.2821318
- Latitude
- 26.2858044
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained, fully rented 8-unit multifamily building in prime location.
Where is this apartment building located?
The property is located at 11676 NW 45th Street Coral Springs, FL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Prime Coral Springs location: Steps from shopping, dining, and minutes from major highways.; Strong investment opportunity: Fully rented units with a strong rental history.; Turnkey management: Well‑maintained property with rent roll income and expenses available.
