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31482733
31482744

231 SW 15th St, Pompano Beach, FL 33060

RG
FL FL 3277603
The Goldstein Group
The Goldstein Group
Listed by The Goldstein Group
$2,100,000
77 days on market
Updated 29 days ago

Cypress Gardens

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 4,909
Units 8
Cap Rate 5.41%
NOI $113,695
Occupancy 100%
Pro-Forma Cap Rate 6.02%
Pro-Forma NOI $126,360
Broker Co-Op Yes
Class C
Year Built 1959
Buildings 1
Stories 1
Lot Size (SqFt) 14,810
Zoning RM-20
Investment Type Stabilized
Ground Lease No
Ownership Fee simple

Multifamily | 8 Units | $262,500/unit

Marketing description

Cypress Gardens is a well-maintained, fully occupied multifamily asset, located immediately west of the intersection

between South Cypress Road and West McNab Rd in Pompano Beach, FL.

With a desirable location, attractive interior finishes, and substantial resident amenities, Cypress Gardens is a

fundamentally strong investment opportunity in one of the nation’s highest demand and most downturn-resistant rental

markets.

Featuring full concrete block construction, a recent roof, and attractive resident amenities, it offers a durable and low

maintenance structure, with easily maintained grounds and parking.

Cypress Gardens also presents an excellent resident value proposition. Each unit enjoys a comfortably sized,

private/fenced back yard area, assigned parking spaces, and 24/7 access to a community pool and common laundry

room

Listing Contacts

RG
FL FL 3277603
The Goldstein Group
The Goldstein Group
Listed by The Goldstein Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$113,695.00
$9,474.58/mo

Valuation Metrics

0
DSCR
5.41%
Cap Rate
5.41%
ROI

Map

Zoning

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RM-20 ResidentialMulti FamilyMultiple Family Residence
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Russell Goldstein
License
FL 3277603
Brokerage
MRG Associates LLC
Brokerage Phone
5615033648
Title
Broker
Brokerage Address
2374 Byron Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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