940 NW 8th Ave - Apartments FOR SALE


Pompano Beach, FL 33060- Outer Pompano Beach/Deerfield Beach
$1,875,000 USD
954-732-6154
940 NW 8th Ave, Pompano Beach, FL for Sale
$1,875,000 USD
Apartments - FOR SALE
1/13
null | 8.87% Cap Rate


OVERVIEW

Discover an incredible investment opportunity with this outstanding 10-unit, 2-bedroom, 1-bath apartment building! Brimming with potential, this property promises excellent cash flow. While it does require some interior and exterior renovations, each unit is well-equipped with its own laundry room and separate electric meters. Building is partially occupied by long-term tenants, ensuring immediate cash flow as you upgrade the vacant units to maximize your returns. Enjoy the convenience of a fully fenced property, where each unit boasts an assigned parking space along with guest parking. With a roof that's only five years old, this is a prime opportunity for the right investor to capitalize on. Coastal Title, Inc. will be handling the closing. Don't miss out on this money-making prospect!

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

10

PRICE/UNIT

$187,500

CAP RATE

8.87%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,148 SF

ZONING

RM-20

APN/PARCEL ID

48-42-35-00-0440

ASK ABOUT THIS PROPERTY

Darrell GonzalesParagon Properties Group LLCMore Info
954-732-6154

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Darrell GonzalesParagon Properties Group LLCMore Info
954-732-6154

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