Renovated 5-Unit Apartment
For Sale
$970,000
1109 NW 6th Avenue 1-5, Pompano Beach, FL 33060
Updated systems and impact-rated openings complement refreshed interiors across this Pompano Beach rental property.
Property Size3,269 SF
Price / SF$296.73
Days on Market15
Property Features for 1109 NW 6th Avenue 1-5
General Information
Standard status
Active
Size
3,269 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
5
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$18,815
Building Details
Building Size
3,269 SF
Year Built
1984
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Arun Mohan · License #3623582
(931) 319-7072
Source:
Dietzelber
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 26 at 1:49PM
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 property contains five residences: four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Built in 1984, it has received extensive interior and building-system upgrades, including plumbing and electrical work, central A/C, and impact-resistant windows and doors. The residences feature updated kitchens and bathrooms, new flooring, refreshed fixtures, paint, and contemporary lighting. Exterior work has also been completed.
The property is in Pompano Beach, where the cited area context includes the $2 billion Downtown Pompano Beach redevelopment and nearby luxury developments. Its reported cap rate is 8%+.
The property is in Pompano Beach, where the cited area context includes the $2 billion Downtown Pompano Beach redevelopment and nearby luxury developments. Its reported cap rate is 8%+.
Key Highlights
- Five units: four 2‑bedroom, 1‑bath residences and one 1‑bedroom, 1‑bath residence
- 3,269 square feet; built in 1984
- Updated plumbing and electrical, with central A/C throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,217
Cap Rate
5.18%
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 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.12M – $1.49M
NOI $89,244 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
5
Residential units
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 - Updated systems and impact-rated openings complement refreshed interiors across this Pompano Beach rental property.
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 $970,000.
What are key features of this property?
This property features: Five units: four 2‑bedroom, 1‑bath residences and one 1‑bedroom, 1‑bath residence; 3,269 square feet; built in 1984; Updated plumbing and electrical, with central A/C throughout
