11500 NW 42nd St Unit 1-4 Coral Springs, FL 33065
Wood Lake NeighborhoodEstimated payment $9,575/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,761
Year Built
- Built in 1988
Lot Details
- Sprinkler System
Home Design
- Spanish Tile Roof
- Tile Roof
Interior Spaces
- 4,077 Sq Ft Home
- 2-Story Property
- Tile Flooring
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 484117020620
Community Details
Overview
- 4 Units
- Glenwood Subdivision
Building Details
- Operating Expense $33,141
- Net Operating Income $76,059
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,761 | $930,550 | -- | -- |
| 2024 | $19,108 | $930,550 | -- | -- |
| 2023 | $19,108 | $769,060 | $88,400 | $680,660 |
| 2022 | $17,853 | $727,960 | $88,400 | $639,560 |
| 2021 | $16,264 | $653,220 | $0 | $0 |
| 2020 | $14,950 | $629,120 | $88,400 | $540,720 |
| 2019 | $13,856 | $568,450 | $88,400 | $480,050 |
| 2018 | $12,572 | $578,240 | $88,400 | $489,840 |
| 2017 | $11,126 | $446,180 | $0 | $0 |
| 2016 | $9,254 | $355,540 | $0 | $0 |
| 2015 | $8,528 | $323,220 | $0 | $0 |
| 2014 | $7,869 | $293,840 | $0 | $0 |
| 2013 | -- | $275,690 | $88,400 | $187,290 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/08/2025 05/08/25 | For Sale | $1,400,000 | -- | $343 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $880,000 | First International Ttl Inc | |
| Warranty Deed | $645,000 | None Available | |
| Quit Claim Deed | -- | Colonial Title Of Plantation | |
| Quit Claim Deed | -- | Colonial Title Of Plantation | |
| Deed | -- | None Available | |
| Warranty Deed | $325,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $410,900 | Negative Amortization | |
| Previous Owner | $260,000 | Commercial |
Source: BeachesMLS
MLS Number: R11088835
APN: 48-41-17-02-0620
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 11500 NW 42nd St Unit 1-4
- 11530 NW 43rd St
- 11580 NW 42nd St Unit 11580
- 4206 NW 114th Terrace Unit 4206
- 4240 NW 114th Terrace Unit 40
- 4060 NW 115th Ave
- 11500 NW 43rd Ct
- 4130 NW 114th Ave
- 11500 NW 44th St
- 11545 NW 44th St
- 11453 NW 39th Ct Unit 1102
- 11453 NW 39th Ct Unit 1142
- 11441 NW 39th Ct Unit 3153
- 11441 NW 39th Ct Unit 2183
- 11453 NW 39th Ct Unit 3092
- 11477 NW 39th Ct Unit 1021
- 11477 NW 39th Ct Unit 3021
- 11453 NW 39th Ct Unit 3082
- 11585 NW 44th St Unit 11585
- 11596 NW 45th St