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32419337
32419336

115 Northeast 9th Street, Pompano Beach, FL 33060

Harvey Cohen
Listed by Harvey Cohen
$2,350,000
52 days on market
Updated 2 days ago

Parkside Studios - Turn-Key 16-plex and Fully Renovated

Details
APN S-23-34-28-020-00C0-0050
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,962
Net Rentable (SqFt) 5,962
Cap Rate 8.32%
NOI $195,590
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $385
Broker Co-Op Yes
Class B
Year Built 1971
Year Renovated 2019
Buildings 1
Stories 2
Lot Size (SqFt) 15,214
Zoning C1
Investment Type Value Add

Parkside Studios - Turn-Key 16-plex and Fully Renovated

Marketing description

115 NE 9th Street Pompano Beach, FL 33060

Seller Financing is NOT being offered.

Turn-key, Fully Updated, Well Maintained with HUGE Cash-Flow 16-unit multifamily.

Fully renovated – new kitchens with granite counter-ups & back-splash, new kitchen cabinets & stainless steel appliances, new wood floors through-out, new LED lights, new AC units and bathrooms updated with new vanities, new toilets & new lighting. All apts have assigned parking - a total of 23 parking spots.

New IMPACT windows and doors.

New Electric meters - $125K upgrade.

Minutes to the beach, restaurants, grocery stores, I-95 and much much more.

Pompano Beach is exploding with new development, including a brand new City Hall:

“The Pomp” $2B++ Development close by is is one of the largest developments in S Florida:

The 223-acre project will feature 1.3M SF of retail & entertainment space, 4,000 luxury residential units, two hotels and 1.35M SF of Class A office space. The Pomp will bring together nationally acclaimed concepts Sports & Social and PBR Cowboy Bar, entertainment, dining, hotel, retail, residential, office and lifestyle amenities, alongside the successful Harrah’s Pompano Beach casino, which will be newly remodeled and rebranded Harrah’s Pompano Beach and Live! entertainment anchor at its core,

https://www.cordish.com/Portfolio/The-Pomp

https://www.pompanobeachrealty.com/the-pomp-in-pompano-beach-fl/

The other additional $23B++ in new development projects in Pompano Beach:

https://www.pompanobeachrealty.com/projects/

https://www.pompanobeachrealty.com/wp-content/uploads/2024/12/Large-City-Projects-Book-Fall-2024-2nd-Edition.pdf

Seller Financing is NOT being offered.

CONTACT ME FOR FINANCIALS - harvey1918@gmail.com or text me at (917) 748-2122.

Investment highlights

115 NE 9th Street Pompano Beach, FL 33060

Seller Financing is NOT being offered.

Turn-key, Fully Updated, Well Maintained with HUGE Cash-Flow 16-unit multifamily.

Fully renovated – new kitchens with granite counter-ups & back-splash, new kitchen cabinets & stainless steel appliances, new wood floors through-out, new LED lights, new AC units and bathrooms updated with new vanities, new toilets & new lighting. All apts have assigned parking - a total of 23 parking spots.

New IMPACT windows and doors.

New Electric meters - $125K upgrade.

Minutes to the beach, restaurants, grocery stores, I-95 and much much more.

Pompano Beach is exploding with new development, including a brand new City Hall:

“The Pomp” $2B++ Development close by is is one of the largest developments in S Florida:

The 223-acre project will feature 1.3M SF of retail & entertainment space, 4,000 luxury residential units, two hotels and 1.35M SF of Class A office space. The Pomp will bring together nationally acclaimed concepts Sports & Social and PBR Cowboy Bar, entertainment, dining, hotel, retail, residential, office and lifestyle amenities, alongside the successful Harrah’s Pompano Beach casino, which will be newly remodeled and rebranded Harrah’s Pompano Beach and Live! entertainment anchor at its core,

https://www.cordish.com/Portfolio/The-Pomp

https://www.pompanobeachrealty.com/the-pomp-in-pompano-beach-fl/

The other additional $23B++ in new development projects in Pompano Beach:

https://www.pompanobeachrealty.com/projects/

https://www.pompanobeachrealty.com/wp-content/uploads/2024/12/Large-City-Projects-Book-Fall-2024-2nd-Edition.pdf

Seller Financing is NOT being offered.

CONTACT ME FOR FINANCIALS - harvey1918@gmail.com or text me at (917) 748-2122.

Listing Contacts

Harvey Cohen
Listed by Harvey Cohen

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$195,590.00
$16,299.17/mo

Valuation Metrics

0
DSCR
8.32%
Cap Rate
8.32%
ROI

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