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240 SE 9th Ave
Pompano Beach, FL 33060 Outer Pompano Beach/Deerfield Beach

$900,000 USD

Multifamily For Sale • 2,849 SF

Property Details

Property Type Multifamily
Total Building Size 2,849 SF
Year Built 1972
Cap Rate 7.47 %
Zoning RM-20

33 Transit Score

73 Walk Score

                
                    Highlights
                
                                Fully Renovated 4-Plex – Turnkey asset featuring four updated 2BR/1BA units with modern finishes throughout.
                            
                                Strong Rental Income – Each unit rented at $1,750/month, providing consistent and stable cash flow.
                            
                                Modern Interior Upgrades – Updated kitchens and bathrooms, contemporary flooring, upgraded fixtures, and central A/C in all units.
                            
                                Prime Location in Pompano Beach – Minutes from beaches, downtown, major highways, and public transit.
                            
                                High-Growth Submarket – Surrounded by major redevelopment and mixed-use projects fueling appreciation and rental demand.
                            
                                Long-Term Investment Potential – Ideal for investors seeking steady income with upside in the thriving South Florida market.

Property Flyers

240 SE 9TH AVE-ARUNM-ELEVI-FLYER

Financial Summary (Proforma)

Net Operating Income: $69,263 USD (2026)

Cap Rate:	7.47 %
Total Expenses:	$25,537 USD

Amenities

Air Conditioning
Washer/Dryer
Kitchen
Stainless Steel Appliances

Public Transportation

Commuter Rail	Drive	Walk	Distance
Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	9 min	-	4.5 mi
Pompano Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	12 min	-	5.4 mi
Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	24 min	-	15.8 mi

Arun Mohan 931-319-7072 Fausto Commercial Realty Consultants

240 SE 9th Ave Pompano Beach, FL 33060 Outer Pompano Beach/Deerfield Beach