2255 SE 5th St - Apartments FOR SALE


Pompano Beach, FL 33062- Outer Pompano Beach/Deerfield Beach
$2,250,000 USD
954-501-5020
2255 SE 5th St, Pompano Beach, FL for Sale
$2,250,000 USD
Apartments - FOR SALE
1/16
null | 5.64% Cap Rate


HIGHLIGHTS

  • Concrete Block, Two-Story 10-Unit Property Minutes From Pompano Beach And The Pier
  • Walkable To Beachfront Recreation, Dining, Entertainment, And Fishing Village Amenities
  • Strong Upside Potential Driven By Major Area Redevelopment And Long-Term Demand Growth

OVERVIEW

Marcus & Millichap is pleased to present Santa Barbara Estates, a 10-unit multifamily property located at 2255 SE 5th Street in Pompano Beach, Florida. Built in 1970, the property totals 5,880 square feet on a 0.24-acre lot. The two-story building is constructed of concrete block with a flat built-up roof and features ten one-bedroom/one-bathroom units averaging 580 square feet each. Ideally positioned in east Pompano Beach, the property is located just minutes from the award-winning Pompano Beach shoreline, the renovated Fisher Family Pier, and the oceanfront Pompano Beach Fishing Village—a vibrant dining, retail, and entertainment destination. Residents benefit from quick access to beachfront parks, walking paths, and the area’s expanding collection of restaurants and boutique offerings. Santa Barbara Estates stands to benefit from extensive ongoing redevelopment throughout Pompano Beach. Major public and private investments—including new luxury residential towers, large-scale mixed-use projects, and the 6-acre Pier redevelopment—are transforming the area into one of South Florida’s most active coastal growth corridors. Continued demand for renovated apartments, proximity to the beach, and limited supply of small multifamily assets make this a compelling investment in a rapidly evolving submarket.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$383 USD /SF

# OF UNITS

10

PRICE/UNIT

$225,000

CAP RATE

5.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Santa Barbara Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

RM-20

APN/PARCEL ID

49-43-06-07-0060

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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