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3208 NE 11th St
Pompano Beach, FL 33062 Outer Pompano Beach/Deerfield Beach

$5,750,000 USD

Apartments For Sale  •  10,642 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,642 SF
  • Lot Size 0.58 AC
  • Building Class C
  • Year Built 2023
  • Cap Rate 8.15 %
  • Zoning RM-20
28 Transit Score
35 Walk Score

Highlights

CASH COW APARTMENT BUILDING ON THE BARRIER ISLAND!
LESS THAN 300 YARDS FROM POMPANO'S PUBLIC BEACHES
RM-20 ZONING ALLOWS FOR MULTIFAMILY, HOTEL/MOTEL, ASSISTED LIVING FACILITY, ETC.
28 FULLY FURNISHED UNITS WITH AVERAGE RENTS OF $1,800/MONTH +/- PER UNIT

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $436,303 USD (2026)
Cap Rate: 8.15 %
Total Expenses: $181,197 USD

Amenities

  • 24 Hour Access
  • Pool
  • Tenant Controlled HVAC
  • Furnished Units Available
  • Smoke Free
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Pompano Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 13 min - 5.4 mi
Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 15 min - 6.8 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 30 min - 18.1 mi
Palm Beach International 50 min - 36.3 mi
Miami International 66 min - 43.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 24
Type: Surface
Included in Rent: Yes
Sean Mooney 561-789-7208 Compass
Sean Mooney 561-789-7208 Compass