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1420 SE 4th Ave
Pompano Beach, FL 33060 Outer Pompano Beach/Deerfield Beach

$2,200,000 USD

Apartments For Sale  •  5,355 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,492 SF
  • Lot Size 0.24 AC
  • Building Class C
  • Year Built 1970
  • Cap Rate 6.07 %
  • Zoning RM-20
30 Transit Score
60 Walk Score

Highlights

8-unit multifamily property in desirable Southeast Pompano Beach (Waterview Estates)
Strong unit mix: 7 × 2BR/2BA + 1 × 1BR/1BA
Current gross income: ~$177,000 annually and upside potential to $195,000+ with market rent adjustments
Spacious corner lot with ample on-site parking
Central Air Conditioning, Coin Operated Laundry Room, Office, and Impact Resistant Windows!

Financial Summary (Actual)

Net Operating Income: $133,449 USD (2025)
Cap Rate: 6.07 %
Total Expenses: $43,851 USD

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Security System
  • Storage Space

Public Transportation

Commuter RailDriveWalkDistance
Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 7 min - 2.7 mi
Pompano Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 14 min - 6.4 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 23 min - 14.4 mi
Palm Beach International 50 min - 37.5 mi
Miami International 60 min - 39.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Arun Mohan 931-319-7072 Fausto Commercial Realty Consultants
Arun Mohan 931-319-7072 Fausto Commercial Realty Consultants