1109 NW 6th Ave - Apartments FOR SALE


Pompano Beach, FL 33060- Outer Pompano Beach/Deerfield Beach
$1,015,000 USD
931-319-7072
1109 NW 6th Ave, Pompano Beach, FL for Sale
$1,015,000 USD
Apartments - FOR SALE
1/32
null | 7.98% Cap Rate


HIGHLIGHTS

  • Turnkey 5-unit multifamily investment
  • Unit mix: Four (4) 2 Bed / 1 Bath units and One (1) 1 Bed / 1 Bath unit
  • Fully renovated, updated plumbing and electric, impact resistant doors and windows, and central AC in all units!
  • Over $113,000 annual gross rental income
  • 8%+ projected cap rate with additional rental upside
  • Located in the heart of Pompano Beach, with convenient access to I-95, US-1, major employers, shopping, dining, and beaches!

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,015,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

5

PRICE/UNIT

$203,000

CAP RATE

7.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,831 SF

ZONING

RM-20

APN/PARCEL ID

48-42-35-53-0020

ASK ABOUT THIS PROPERTY

Arun MohanFausto Commercial Realty ConsultantsMore Info
931-319-7072

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Arun MohanFausto Commercial Realty ConsultantsMore Info
931-319-7072

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.