Occupied Multifamily
For Sale
$625,000
1-3-612 Nw 7th Ter, Pompano Beach, FL 33060
Income-producing multifamily asset with full occupancy and predominantly month-to-month tenancy.
Property Size1,768 SF
Price / SF$353.51
Days on Market66
Property Features for 1-3-612 Nw 7th Ter
General Information
Standard status
Active
Size
1,768 SF
Property subtype
Residential Income
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$5,970
Listing Agency:
The Luxury Home Team of Florida
(954) 210-3728
Listed By:
Constance B Johnson · License #3368577
(754) 234-2058
Source:
Exprealty
Added: Aug 24
Changed: Oct 25
Last Checked: Oct 26 at 8:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Luxury Home Team of Florida
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property is offered for sale as part of portfolio B26034274. The property has a recorded size of 1,768 and is fully occupied. Most tenancies are structured on a month-to-month basis, providing an existing occupancy profile with flexible lease timing.
The property is located at 1-3-612 NW 7th Ter in Pompano Beach, Florida. It is positioned as an occupied residential income property within a larger portfolio offering.
The property is located at 1-3-612 NW 7th Ter in Pompano Beach, Florida. It is positioned as an occupied residential income property within a larger portfolio offering.
Key Highlights
- All units are occupied
- Most tenants are month to month
- 1,768 property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,159
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,180
$543.2K
Cap Rate 7%
$387,986
$388.0K
Cap Rate 9%
$301,767
$301.8K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$52.0K $29.40/SF
− Vacancy
−$2.6K −$1.47/SF
EGI
$49.4K $27.93/SF
− OpEx
−$22.2K −$12.57/SF
NOI
$27.2K $15.36/SF
Area
Pompano Beach, FL
Vacancy
5.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,180
Cap Rate 7%
$387,986
Cap Rate 9%
$301,767
Alternative Uses
Best Use
Apartment 5plus
$388.0K
$339.5K – $452.7K
NOI $27,159 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$689.5K
$603.3K – $804.4K
NOI $48,266 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,557
Businesses Nearby
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Income-producing multifamily asset with full occupancy and predominantly month-to-month tenancy.
Where is this multifamily property located?
The property is located at 1-3-612 Nw 7th Ter Pompano Beach, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: All units are occupied; Most tenants are month to month; 1,768 property size
