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.