741 Hibiscus Ave - Apartments FOR SALE


Pompano Beach, FL 33062- Outer Pompano Beach/Deerfield Beach
$4,400,000 USD
954-999-2244
741 Hibiscus Ave, Pompano Beach, FL for Sale
$4,400,000 USD
Apartments - FOR SALE
1/43
null | 6.33% Cap Rate

741 Hibiscus Ave
Pompano Beach, FL 33062
Outer Pompano Beach/Deerfield Beach


OVERVIEW

17-Unit Income Property – Steps from the Sand This rare 17-unit multifamily opportunity (16 legal units) is just a short walk from the beach and the vibrant Atlantic Blvd/A1A corridor. Spread across three gated buildings on over 25,000 sq ft of land, this turnkey asset is perfectly positioned for strong cash flow and long-term value. Key Highlights: - Renovated Interiors with major upgrades to plumbing and electrical - New Roofs, Impact Windows, and Hurricane-Rated Doors - Transient Rental License in place + Hotel License Approved (pending driveway paving – in permitting) - High Demand for both short- and long-term rentals in this vacation corridor - Flexible leasing: month-to-month tenants, STR-ready, or convert to annual leases - Amenities include a pool, gated access, and ample parking - Value-add opportunity via expense optimization (utilities & insurance) - Ideal for: investors, 1031 exchanges, or operators seeking coastal STR potential This is a flexible, cash-flowing asset in a rapidly appreciating neighborhood with multiple exit strategies—short-term rental, boutique hotel, or traditional multifamily.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$551 USD /SF

# OF UNITS

17

PRICE/UNIT

$258,824

CAP RATE

6.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

RM-20, Pompano Beach

APN/PARCEL ID

49-43-06-12-0060

ASK ABOUT THIS PROPERTY

Jenna GentileG&G Property Investment GroupMore Info
954-999-2244

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Jenna GentileG&G Property Investment GroupMore Info
954-999-2244

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