Turnkey 4-Unit Rental
For Sale
Contact for pricing
7521 NW 44th Court, Coral Springs, FL 33065
Four-unit residential income property with private patios, updated finishes, and in-unit laundry features.
Property Size3,195 SF
Price / SF$437.87
Days on Market93
Property Features for 7521 NW 44th Court
General Information
Standard status
Active
Size
3,195 SF
Total Parking Spaces
8
Property subtype
Multifamily
Zoning
RM-20
Net Operating Income
$95,100
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Year Built
1972
Units
2
Tenancy
Multi
Listing Agency:
CENTURY 21 WC Realty
(561) 568-0351
Listed By:
Frank Alvarez · License #FL
Source:
Crexi
Added: May 14
Changed: Aug 13
Last Checked: Aug 14 at 5:27AM
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 CENTURY 21 WC Realty
Investment Insights
Based on property information with market context.
This is a turnkey 4-unit rental property offered for sale, featuring modernized interiors and several in-unit convenience upgrades. The building includes inside laundry facilities and private patios for outdoor use. Each unit is also supported by updated components described in the offering, including new appliances and new floors for a refreshed, move-in-ready look. The property also features impact glass windows intended to improve safety and energy efficiency, and some units have new AC units for added comfort.
Located at 7521 NW 44th Court in Coral Springs, Florida, the property provides parking for residents with 2 parking spaces per unit as stated in the materials. Prospective buyers can arrange a viewing through the listing team.
The layout and amenity set make the property a practical fit for investors seeking a small, manageable residential income asset with in-unit laundry, private outdoor space, and impact-resistant windows. With the updates described throughout, this offering is positioned as a ready-to-operate rental property rather than a ground-up renovation project.
Located at 7521 NW 44th Court in Coral Springs, Florida, the property provides parking for residents with 2 parking spaces per unit as stated in the materials. Prospective buyers can arrange a viewing through the listing team.
The layout and amenity set make the property a practical fit for investors seeking a small, manageable residential income asset with in-unit laundry, private outdoor space, and impact-resistant windows. With the updates described throughout, this offering is positioned as a ready-to-operate rental property rather than a ground-up renovation project.
Key Highlights
- 4‑unit residential income property with private patios
- Inside laundry facilities included in the units
- Impact glass windows for added safety and energy efficiency
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,238
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,104,760
$1.1M
Cap Rate 7%
$789,114
$789.1K
Cap Rate 9%
$613,756
$613.8K
Market Conditions
NOI Build-Up for 3,195 SF
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.
Gross rent
$82.4K $25.80/SF
− Vacancy
−$3.5K −$1.10/SF
EGI
$78.9K $24.70/SF
− OpEx
−$23.7K −$7.41/SF
NOI
$55.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,104,760
Cap Rate 7%
$789,114
Cap Rate 9%
$613,756
Alternative Uses
Best Use
Multifamily LT 5
$789.1K
$690.5K – $920.6K
NOI $55,238 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$727.8K
$636.9K – $849.2K
NOI $50,949 @ 7.0% cap · market cap 3.64%
Theoretical Best
Specialty Retail
$5.45M
$4.77M – $6.36M
NOI $381,388 @ 7.0% cap · market cap 27.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
Explore this area
Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with private patios, updated finishes, and in-unit laundry features.
Where is this quadplex located?
The property is located at 7521 NW 44th Court Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 4‑unit residential income property with private patios; Inside laundry facilities included in the units; Impact glass windows for added safety and energy efficiency
