715 NW 5th Ave - Apartments FOR SALE


Pompano Beach, FL 33060- Outer Pompano Beach/Deerfield Beach
$1,089,000 USD
305-814-7631
715 NW 5th Ave, Pompano Beach, FL for Sale
$1,089,000 USD
Apartments - FOR SALE
1/18
null | 5.3% Cap Rate


HIGHLIGHTS

  • RENOVATED WITH PERMITS 2022
  • ALL CENTRAL A/C UNITS NEW
  • INDIVIDUAL ELECTRIC METERS

OVERVIEW

Fully Renovated Fourplex in Central Pompano Beach – Turnkey Investment with 5.2% Cap Rate This fully remodeled income-producing fourplex is located in the heart of rapidly gentrifying Pompano Beach. Offering a 5.2% Cap Rate, this property is completely turnkey with all four units leased to long-term tenants and additional income from an on-site laundry room. Renovated top to bottom in late 2022 with full permits, the building features: Brand New Independent Central A/C Systems (units + air changers) High-Impact Windows & Doors in All Units New Floors & Subfloors All-New Plumbing & Electrical Systems New Electrical Panels in Each Unit Modern Kitchens with New Appliances Fully Renovated Bathrooms Fresh Interior Paint (2023) Certified Structural Engineering Upgrades to catwalks and stairs Separate Electric Meters (tenants pay electricity) Laundry Room Generates Additional Income (offsets landlord-paid water) Located just 7 minutes from the beach, and walking distance to a shopping plaza, restaurants, and upcoming city enhancements, this property sits in a community undergoing over $16 million in city-funded improvements in 2024. Upgrades include new parks, street lighting, landscaping, and walkability enhancements. Highlights: Fully Permitted Full Renovation (2022) All Units Rented to Long-Term Tenants Stable Cash Flow + Additional Laundry Income Separate Electric Meters City-Funded Revitalization in Progress Near Beach, Dining, Shopping This is a rare opportunity to acquire a worry-free, fully upgraded multifamily asset in one of South Florida’s fastest-developing neighborhoods.

FOR SALE DETAILS

PRICE

$1,089,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

4

PRICE/UNIT

$272,250

CAP RATE

5.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,100 SF

ZONING

RS-4 Use Code 08

APN/PARCEL ID

48-42-35-42-0150

ASK ABOUT THIS PROPERTY

Guillermo LopezLopez & Hurst Realty, Inc.More Info
305-814-7631

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Guillermo LopezLopez & Hurst Realty, Inc.More Info
305-814-7631

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