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11500 NW 42nd Street 1-4
$1,185,000

11500 NW 42nd Street 1-4

9 Baths 4,077 Sq.Ft.

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Description

Investors dream with a solid 7.8% gross return, this fully leased 4-Plex in Coral Springs presents an outstanding investment opportunity. The property consists of 4 spacious, tastefully renovated, 3BR/2BA units. All units are separately metered for electricity, with a single water bill shared across the building. Each unit includes its own washer and dryer, providing tenants with added convenience and reducing maintenance for ownership.
Located in a quiet, residential area of Coral Springs, this turn-key multifamily asset offers stable cash flow and strong rental demand. It's the ideal fit for investors seeking a reliable income property or a strategic addition to a growing real estate portfolio. 25 year inspection has been completed with flying colors. All units have annual leases. Rent rolls and expenses can be provided upon request.
Easy access to Sawgrass Expressway and Florida's Turnpike. Close to the area's shopping, restaurants and 25 minute drive to ocean beaches. Give us a call today!

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Location

11500 NW 42nd Street 1-4, Coral Springs, FL 33065

Status

Sold
Daniel Brooks

Daniel Brooks

TITLE

Real Estate Agent

PHONE

(561) 571-8734

EMAIL

[email protected]

CONTACT AGENT

Property Amenities

Interior
Flooring Tile
Area & Lot
Total area 4,077 Sq.Ft.
Living area 4,077 Sq.Ft.
MLS® ID R11088835
Year Built 1988
Water Frontage None
Type Multi-Family
Status Sold
Exterior
Stories 2
Air conditioning Central Air
Heat type Central
Water Source Public
Sewer Public Sewer
Lot Features Sprinklers Automatic, 1/4 Acre
Roof Spanish Tile
Utilities Cable Available, Sewer Available, Water Available
Finance
Sales Price $1,185,000
Real Estate Tax $21,761 yearly

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THE JM PHILLIPS GROUP

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2424 N Federal Hwy Ste 150 
Boca Raton FL 33431