417 NW 7th Ave - Apartments FOR SALE


Pompano Beach, FL 33060
$1,375,000 USD
561-310-0935
417 NW 7th Ave, Pompano Beach, FL for Sale
$1,375,000 USD
Apartments - FOR SALE
1/18
null | 6.75% Cap Rate

417 NW 7th Ave
Pompano Beach, FL 33060


HIGHLIGHTS

  • New roof 2022
  • Close and easily accessible to Interstate 95
  • Huge rent upside easily accessible through exterior improvements and small renovations
  • Excellent, Primarily Single Family neighborhood, close to Atlantic Blvd!
  • Renovations and updates throughout!

OVERVIEW

ASSET HIGHLIGHTS • 2 – 3 Bedroom 1 Bath Units • 4 – 2 Bedroom 1 Bath Units • NEW ROOF 2 years ago!! • FULL Concrete Block Construction. • Permanent accordion-style storm shutters! • Beneficial to insurance cost • 417 is positioned only a few blocks from Atlantic Blvd, a major commercial thoroughfare in Broward County running east/west. • Offers extremely easy access to Interstate 95 (on-ramp mere minutes from the subject property directly west on Atlantic Blvd). • Excellent location for those employed in a wide range of locations like Boca Raton, Delray Beach, Ft Lauderdale, North Miami, and more. • Tenants enjoy access to everything the area has to offer, as well as: • 2 and 3 bedroom layouts • Off-street parking • Permanent storm shutters • Modern appliances • Updated kitchens, and more! • Pompano City Limits has a population of approx. 114,000 people. Extremely healthy tenant base. See attached demographics summary section!

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$335 USD /SF

# OF UNITS

6

PRICE/UNIT

$229,167

CAP RATE

6.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RS-4

APN/PARCEL ID

48-42-35-39-0100

ASK ABOUT THIS PROPERTY

Martin GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-310-0935

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Martin GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-310-0935

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