Listed by Fausto Commercial Realty Consultants Inc, Fausto Commercial
$1,015,000
Blanche Ely
Details
APN 484235530020
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,269
NOI $81,036
Year Built 1984
Zoning RM-20
Parking Spaces 6 spaces
Parking per 1,000 SqFt 1.84
Multifamily
Marketing description
Fausto Commercial is proud to present this turnkey, fully renovated multifamily investment opportunity in the heart of Pompano Beach. This exceptional income-producing property features 5 units with an ideal unit mix of four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, generating over $113,000 in annual gross income with additional upside, creating an attractive 8%+ cap rate opportunity.
The property has undergone a complete renovation, including updated plumbing, updated electrical, central A/C throughout, and impact-resistant windows and doors. Renovated interiors feature modern kitchens and bathrooms, new flooring, updated fixtures, fresh paint, and contemporary lighting, while exterior improvements enhance curb appeal and minimize future maintenance, making this a true turnkey investment.
Located in one of South Florida's fastest-growing submarkets, the property benefits from Pompano Beach's ongoing transformation, including the $2 billion Downtown Pompano Beach redevelopment and nearby luxury developments that continue to attract new residents and investment. With strong in-place income, significant capital improvements, and long-term appreciation potential, this is an outstanding opportunity to acquire a stabilized multifamily asset in one of Broward County's most dynamic rental markets.
Listing Contacts
Listed by Fausto Commercial Realty Consultants Inc, Fausto Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,036.00
$6,753.00/mo
Valuation Metrics
0
DSCR
7.98%
Cap Rate
7.98%
ROI
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