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$995,000
Est. payment /mo
3,269 SqFt
Price Dropped by $20K
1109 NW 6th Ave #1-5 Pompano Beach, FL 33060
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,269 sqft
Price per Sqft $304
MLS Listing ID A12058451
HOA Y/N No
Year Built 1984
Annual Tax Amount $18,815
Lot Size 9,831 Sqft
Property Sub-Type Multi Family
Property Description
Fausto Commercial is proud to present this turnkey, fully renovated multifamily investment opportunity in the heart of Pompano Beach. This exceptional income-producing property features 5 units with an ideal unit mix of four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, generating over $113,000 in annual gross income with additional upside, creating an attractive 8%+ cap rate opportunity.
The property has undergone a complete renovation, including updated plumbing, updated electrical, central A/C throughout, and impact-resistant windows and doors. Renovated interiors feature modern kitchens and bathrooms, new flooring, updated fixtures, fresh paint, and contemporary lighting, while exterior improvements enhance curb appeal and minimize future maintenance, making this a true turnkey investment.
Located in one of South Florida's fastest-growing submarkets, the property benefits from Pompano Beach's ongoing transformation, including the $2 billion Downtown Pompano Beach redevelopment and nearby luxury developments that continue to attract new residents and investment. With strong in-place income, significant capital improvements, and long-term appreciation potential, this is an outstanding opportunity to acquire a stabilized multifamily asset in one of Broward County's most dynamic rental markets.
The property has undergone a complete renovation, including updated plumbing, updated electrical, central A/C throughout, and impact-resistant windows and doors. Renovated interiors feature modern kitchens and bathrooms, new flooring, updated fixtures, fresh paint, and contemporary lighting, while exterior improvements enhance curb appeal and minimize future maintenance, making this a true turnkey investment.
Located in one of South Florida's fastest-growing submarkets, the property benefits from Pompano Beach's ongoing transformation, including the $2 billion Downtown Pompano Beach redevelopment and nearby luxury developments that continue to attract new residents and investment. With strong in-place income, significant capital improvements, and long-term appreciation potential, this is an outstanding opportunity to acquire a stabilized multifamily asset in one of Broward County's most dynamic rental markets.
Location
State FL
County Broward
Area 3423
Zoning RM-20
Interior
Heating Central
Cooling Central Air
Flooring Other
Window Features Impact Glass
Exterior
Roof Type Shingle
Private Pool Yes
Building
Structure Type Block,Other
Others
Tax ID 484235530020
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12058451
Listed by Fausto Commercial Realty Consultants Inc