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11430-11442 NW 45th St 7 Unit Apartment Building $2,390,000 ($341,429/Unit) 6.01% Cap Rate Coral Springs, FL 33065
INVESTMENT HIGHLIGHTS
- 6 Large Units + Townhome
- Over Quarter Acre Lot
- Laundry Income
- On The Water
EXECUTIVE SUMMARY
Fantastic Find!!! 2 Story 7 Unit Apartment Building, In West Coral Springs On Over A Quarter Acre With Panoramic Views Of The Water! 6 Units Are Spacious 2 Bedroom 2 Bath & One Unit Is A Large 2 Bedroom 2 ½ Bath Townhome. Well-Maintained Building With Fresh Exterior Paint, An Updated Parking Lot, and Overall Excellent Condition. Each Unit Has Separate Electric Meters And Trash Is Included In The Taxes. Building Has Coin Operated Machines For Additional Income. Current Annual Gross Income Is Roughly Around $197,000 (Includes Laundry Income $200-300 monthly). Annual Expenses $52,276. Expenses Include Taxes: $32,889 Landscaping: $3,600 Wind Insurance: $9,607 Water: $5,340 Electric: $840. DISCLAIMER: All information is believed to be accurate but is not guaranteed.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,390,000 | Building Class | C |
| Price Per Unit | $341,429 | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 7,456 SF |
| Cap Rate | 6.01% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-15 - LOW MEDIUM DENSITY MULTIPLE-FAMILY | ||
| Price | $2,390,000 |
| Price Per Unit | $341,429 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 7,456 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | RM-15 - LOW MEDIUM DENSITY MULTIPLE-FAMILY |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 6 | $13,285 | - |
| 2+2.5 | 1 | $2,795 | - |
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PROPERTY TAXES
| Parcel Number | 48-41-17-02-0150 | Total Assessment | $1,475,160 (2025) |
| Land Assessment | $109,590 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,365,570 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
48-41-17-02-0150
Land Assessment
$109,590 (2025)
Improvements Assessment
$1,365,570 (2025)
Total Assessment
$1,475,160 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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11430-11442 NW 45th St
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