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    2131 NE 40Th Ct, Unit 1-8 Pompano Beach, FL 33064

    For Sale
    $2,000,000

    Commercial/Industrial,Income/Multi-family - Lighthouse Point, FL

    Lot size:
    0.21 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 8 at 2:06 pm

    Property Features for 2131 NE 40Th Ct

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM-25
    APN
    484317030460
    Parking features
    Assigned
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1964
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Tile
    Building materials
    Block, Concrete, Stucco
    Roof type
    Tile
    Architectural style
    Other

    Fidelity Real Estate Group (954) 345-9144 [email protected]

    Listing agent Carlos Montoya (954) 345-9144 License #0623048

    Listing date Nov 6, 2025

    MLS# F10458416 Listing URL

    Copyright © 2025 BeachesMLS / Matrix. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lighthouse Point Updated Income Property

    Located in Lighthouse Point, this property features eight updated units, each with one bedroom and one bathroom, as well as living and dining rooms. The units are equipped with central air conditioning, hurricane impact windows and doors, and updated electric systems. Each tenant has designated storage space, and there is a coin laundry facility on site. The roof is approximately 13 years old, and most of the A/C units have been replaced within the last 5-6 years. The property is situated east of US-1, surrounded by multi-million dollar residential properties, and is located minutes from beaches and shopping. The property is zoned RM-25 and sits on a 0.2066-acre lot. The property is suitable for short-term rentals. The current gross income is $161,208, with a potential gross income of $175,000 to over $200,000. This turnkey property is ready for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Point East Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.094146
    Latitude
    26.281111

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    FAQs

    What type of property is this?
    Apartment building - Updated 8-unit property near beaches and shopping.
    Where is this apartment building located?
    The property is located at 2131 NE 40Th Ct, Unit 1-8 Pompano Beach, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - High Income Potential: Current gross income of $161,208 with potential to reach $175,000-$200,000+.; - Prime Location: Situated in the heart of Lighthouse Point, east of US-1, surrounded by multi-million dollar residential properties and minutes from beaches and shopping.; - Updated Units: All 8 units are large, updated 1 bed/1 bath apartments with living and dining rooms.
    (954) 345-9144
    Request Owner's contact information
    2131 NE 40Th Ct, Unit 1-8 Pompano Beach, FL 33064
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2131 NE 40Th Ct, Unit 1-8 Pompano Beach, FL 33064
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