901-951 NW 8th Ave - Apartments FOR SALE


Pompano Beach, FL 33060- Outer Pompano Beach/Deerfield Beach
$15,680,000 USD
845-304-5148
901-951 NW 8th Ave, Pompano Beach, FL for Sale
$15,680,000 USD
Apartments - FOR SALE
1/18
null | 5.71% Cap Rate

901-951 NW 8th Ave
Pompano Beach, FL 33060
Outer Pompano Beach/Deerfield Beach


HIGHLIGHTS

  • Attractive unit mix of (19) Studios, (52) 1/1 Units, (17) 2/2 Units totaling approximately 41,100 RSF.
  • $1 Million dollars has been invested in capital improvements.
  • 75% of the units now feature upgraded kitchens, new mini split AC systems, vinyl slider windows, and modern lighting fixtures.
  • Brand new roofs on all 7 properties, new asphalt parking lots, LED lighting, state-of-the-art surveillance systems.
  • The property has been meticulously cared for by a professional owner making this property safe, secure, and a perfect investment opportunity.

OVERVIEW

Parkview Crossing is a 98-unit multifamily property through (7) buildings consisting of (19) Studios, (52) one-bed, one-bath units, (17) two-bed, one-bath unit, (10) two-bed, two-bath Located in the heart of Pompano Beach, Florida, in Broward County. The subject properties were built in 1958 using reinforced concrete block construction with painted stucco exterior and are situated on 2.39 acres of land. The property has undergone significant capital improvements under the current ownership. There has been over $1,000,000 invested into capital improvements including a state-of-the-art security system, gated fence, vinyl slider windows, asphalt parking lots, mini split AC, modern light fixtures, LED Lighting, and extensive interior renovations. 75% of the units have undergone extensive renovations. The property is located just a few blocks west of Pompano Beach Airpark, southeast of Lighthouse Point and at the intersection of Atlantic Blvd and NW 8th Ave. Parkview Crossing is walking distance of newly built retail and restaurants and surrounded by new Class B apartment communities. The property is strategically located East of I-95, West of N Dixie-Hwy and at the intersection of NW 10th Ave and NW 10th St. The property is also located 5 miles from the renowned Light House Point and Chase Stadium home of Inter Miami FC. Additionally, within minutes of driving you can access the world-famous Pompano Beach, and the shops/restaurants located in downtown Fort Lauderdale.

FOR SALE DETAILS

PRICE

$15,680,000 USD

PRICE/SF

$334 USD /SF

# OF UNITS

98

PRICE/UNIT

$160,000

CAP RATE

5.71%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkview Crossing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.39 AC

LAND SF

103,921 SF

ZONING

RM-20

APN/PARCEL ID

48-42-35-00-0460,48-42-35-00-0471,48-42-35-00-0480

ASK ABOUT THIS PROPERTY

Daniel DratchFranklin StreetMore Info
845-304-5148

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Daniel DratchFranklin StreetMore Info
845-304-5148

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