940 NW 8th Ave - Apartments FOR SALE


Pompano Beach, FL 33060- Outer Pompano Beach/Deerfield Beach
$2,749,400 USD
954-880-2550
940 NW 8th Ave, Pompano Beach, FL for Sale
$2,749,400 USD
Apartments - FOR SALE
1/36
null | 6.25% Cap Rate


HIGHLIGHTS

  • Fully renovated
  • 100%-occupied
  • Ten units 2BR/2BA

OVERVIEW

Fully renovated, 100%-occupied 10-unit multifamily in the heart of Pompano Beach, Broward County. Every unit is a spacious 2BR/1BA home delivered in essentially new condition after a comprehensive 2024-2025 gut renovation, with approximately $500,000 invested across all units and the exterior. Truly turnkey and move-in ready: new white-cabinet kitchens with quartz counters and stainless appliances, marble-look tiled baths, luxury vinyl plank flooring, individual mini-split HVAC, and in-unit laundry connections in every unit. Permitted upgrades to electrical, plumbing, and impact windows and doors mean no deferred maintenance and materially reduced near-term capital risk for a buyer. Freshly stuccoed and painted exterior with striped tenant and guest parking. Offered at $2,749,000 ($317/SF, below the Pompano Beach market average), reflecting a 6.87% pro forma cap rate. Ideally positioned along the Gold Coast between Fort Lauderdale and Boca Raton, with quick access to I-95, Florida's Turnpike, and US-1/Federal Highway. Atlantic beaches, Broward College North Campus, and downtown Pompano's CRA redevelopment district are all a short drive away.

FOR SALE DETAILS

PRICE

$2,749,400 USD

PRICE/SF

$210 USD /SF

# OF UNITS

10

PRICE/UNIT

$274,940

CAP RATE

6.25%

% LEASED

100%

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

Ernesto VegaCanvas Real EstateMore Info
954-880-2550

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

Ernesto VegaCanvas Real EstateMore Info
954-880-2550

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