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901-951 NW 8th Ave
Pompano Beach, FL 33060 Outer Pompano Beach/Deerfield Beach

$14,300,000 USD

Apartments For Sale  •  46,962 SF

Property Details

  • Property Type Apartments
  • Total Building Size 46,962 SF
  • Lot Size 2.39 AC
  • Building Class C
  • Year Built 1958
  • Cap Rate 6.45 %
  • Zoning RM-20
34 Transit Score
34 Walk Score

Highlights

Attractive unit mix of (19) Studios, (52) 1/1 Units, (17) 2/2 Units totaling approximately 41,100 RSF.
$1 Million dollars has been invested in capital improvements.
75% of the units now feature upgraded kitchens, new mini split AC systems, vinyl slider windows, and modern lighting fixtures.
Brand new roofs on all 7 properties, new asphalt parking lots, LED lighting, state-of-the-art surveillance systems.
The property has been meticulously cared for by a professional owner making this property safe, secure, and a perfect investment opportunity.

Property Flyers

Cap Rate: 6.45 %

Amenities

  • Laundry Facilities
  • Refrigerator
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Pompano Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 9 min - 3.5 mi
Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 8 min - 3.8 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 23 min - 15.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
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