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Multifamily

Pompano Beach Portfolio

340 NE 29th St, Pompano Beach, FL 33064

Listing Price: $1,600,000

Cap Rate
5.94%
Number of Units
9
Occupancy
95.0%
Price/Unit
$177,778
Price/Gross SF
$228.15
Gross SF
7,013

Investment Overview

Marcus & Millichap, as exclusive agent, is proud to present to market the Pompano Beach Portfolio. The portfolio consists of four properties totaling nine units in Pompano Beach, Florida. All of the properties are within one block of each other and have hurricane impact windows throughout. Two of the nine units are two bedroom / two bathroom units, six of the units are two bedroom / one bathroom units, with the last unit being an efficiency. Three of the four properties have central air conditioning, while the other property has window unit air conditioners. All of the properties have recently seen exterior improvements including new landscaping, asphalt parking and paint. Located on Northeast 29th and 30th Streets, the properties are situated just west of North Dixie Highway between Sample and Copans Road, offering easy access to Interstate 95. The nine units total 7,013 square feet situated on a total of 0.63 acres. They are located within walking distance to both Cresthaven Elementary School and Crystal Lake Middle School and is a short drive away from Somerset Pines Academy. The Pompano Beach Portfolio offers an investor the opportunity to purchase nine multifamily units with the ability increase rents to market rates to improve cash flow.

Investment Highlights

  • Hurricane Impact Windows Throughout
  • Great Location East of Interstate 95
  • Ability to Increase Rents to Market Rates
  • Majority of Units Have Central Air Conditioning
  • Eight of Nine Units Are Spacious Two Bedroom Units

Exclusively Listed By

Financing By

Multifamily

Pompano Beach Portfolio

Listing Price: $1,600,000

Cap Rate
5.94%
Number of Units
9
Occupancy
95.0%
Price/Unit
$177,778
Price/Gross SF
$228.15
Gross SF
7,013

Investment Highlights

  • Hurricane Impact Windows Throughout
  • Great Location East of Interstate 95
  • Ability to Increase Rents to Market Rates
  • Majority of Units Have Central Air Conditioning
  • Eight of Nine Units Are Spacious Two Bedroom Units

Investment Overview

Marcus & Millichap, as exclusive agent, is proud to present to market the Pompano Beach Portfolio. The portfolio consists of four properties totaling nine units in Pompano Beach, Florida. All of the properties are within one block of each other and have hurricane impact windows throughout. Two of the nine units are two bedroom / two bathroom units, six of the units are two bedroom / one bathroom units, with the last unit being an efficiency. Three of the four properties have central air conditioning, while the other property has window unit air conditioners. All of the properties have recently seen exterior improvements including new landscaping, asphalt parking and paint. Located on Northeast 29th and 30th Streets, the properties are situated just west of North Dixie Highway between Sample and Copans Road, offering easy access to Interstate 95. The nine units total 7,013 square feet situated on a total of 0.63 acres. They are located within walking distance to both Cresthaven Elementary School and Crystal Lake Middle School and is a short drive away from Somerset Pines Academy. The Pompano Beach Portfolio offers an investor the opportunity to purchase nine multifamily units with the ability increase rents to market rates to improve cash flow.

Exclusively Listed By

Financing By

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