231 SW 15th St - Apartments FOR SALE


Pompano Beach, FL 33060- Outer Pompano Beach/Deerfield Beach
$2,200,000 USD
561-310-0935
231 SW 15th St, Pompano Beach, FL for Sale
$2,200,000 USD
Apartments - FOR SALE
1/25
null | 5.17% Cap Rate


HIGHLIGHTS

  • Full Concrete Block Construction
  • Gabled Roof
  • Minutes to the Atlantic Coast and Fort Lauderdale Beach
  • Excellent Curb Appeal and General Layout
  • Attractive Location For Residents and Owners Alike
  • Excellent Proximity to Employment Centers

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$448 USD /SF

# OF UNITS

8

PRICE/UNIT

$275,000

CAP RATE

5.17%

% 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

1959

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

RM-20 County

APN/PARCEL ID

49-42-02-14-2490

ASK ABOUT THIS PROPERTY

Martin GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-310-0935

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Martin GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-310-0935

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