Renovated 5-Unit Apartment
For Sale
$995,000
1109 NW 6th Avenue #1-5, Pompano Beach, FL 33060
Five renovated residences offer a mix of one- and two-bedroom layouts with updated building systems and impact-resistant openings.
Property Size3,269 SF
Price / SF$304.37
Days on Market63
Property Features for 1109 NW 6th Avenue #1-5
General Information
Standard status
Active
Size
3,269 SF
Property subtype
Multi Family
Building Details
Year Built
1984
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed By:
Arun Mohan · License #3623582
(931) 319-7072
Source:
Lehmannflorida
Added: Aug 20
Changed: Oct 19
Last Checked: Oct 19 at 10:34AM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
This 3,269-square-foot apartment building contains five residences: four two-bedroom, one-bath units and one one-bedroom, one-bath unit. The property has been renovated with updated plumbing and electrical systems, central A/C throughout, impact-resistant windows and doors, refreshed kitchens and bathrooms, new flooring, updated fixtures, contemporary lighting, and exterior improvements.
The property is located at 1109 NW 6th Ave in Pompano Beach, within Broward County and South Florida. Its residential configuration and completed improvements provide a clearly defined multifamily asset with a varied unit mix and updated physical components.
The property is located at 1109 NW 6th Ave in Pompano Beach, within Broward County and South Florida. Its residential configuration and completed improvements provide a clearly defined multifamily asset with a varied unit mix and updated physical components.
Key Highlights
- 5‑unit apartment building totaling 3269 square feet
- Unit mix includes four 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Updated plumbing and electrical systems with central A/C throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,217
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,340
$1.0M
Cap Rate 7%
$717,386
$717.4K
Cap Rate 9%
$557,967
$558.0K
Market Conditions
NOI Build-Up for 3,269 SF
Gross rent
$96.1K $29.40/SF
− Vacancy
−$4.8K −$1.47/SF
EGI
$91.3K $27.93/SF
− OpEx
−$41.1K −$12.57/SF
NOI
$50.2K $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%
$1,004,340
Cap Rate 7%
$717,386
Cap Rate 9%
$557,967
Alternative Uses
Best Use
Apartment 5plus
$717.4K
$627.7K – $837.0K
NOI $50,217 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.12M – $1.49M
NOI $89,244 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five renovated residences offer a mix of one- and two-bedroom layouts with updated building systems and impact-resistant openings.
Where is this apartment building located?
The property is located at 1109 NW 6th Avenue #1-5 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 5‑unit apartment building totaling 3269 square feet; Unit mix includes four 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Updated plumbing and electrical systems with central A/C throughout
