Turnkey Residential Income
For Sale
Contact for pricing
131 SW 14th Court, Pompano Beach, FL 33060
Freshly painted multifamily asset with updated electrical panels, central A/C, impact windows, and assigned parking.
Property Size1,982 SF
Price / SF$330.47
Days on Market169
Property Features for 131 SW 14th Court
General Information
Standard status
Active
Size
1,982 SF
Property subtype
Multifamily
Building Details
Year Built
1972
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Jino Kuriakose · License #3285990
Source:
Crexi
Added: Feb 20
Changed: Jul 10
Last Checked: Aug 7 at 7:00AM
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 LoKation
Investment Insights
Based on property information with market context.
This well-maintained residential income property is fully rented and presented as turnkey. Recent improvements include fresh interior and exterior painting, updated GE electrical panels, two brand-new central A/C units, and all-new impact windows. The property is described as having no deferred maintenance, with the upgrades intended to support dependable day-to-day operations.
The home is situated on a quiet cul-de-sac and includes five assigned parking spaces. The public remarks place it near local employment and recreation options, with Pinecrest High School about two blocks away and Topgolf and Harrah’s Casino roughly one mile from the property. The beach is approximately three miles away.
For buyers or operators seeking an income-producing multifamily purchase with in-place occupancy, the combination of full tenancy and the listed building upgrades may reduce near-term capital concerns. Assigned parking and the centrally air-conditioned, impact-window-equipped improvements can also support tenant comfort and property usability. This offering is presented with long-term tenants in place, and the seller indicates the property is priced to sell.
The home is situated on a quiet cul-de-sac and includes five assigned parking spaces. The public remarks place it near local employment and recreation options, with Pinecrest High School about two blocks away and Topgolf and Harrah’s Casino roughly one mile from the property. The beach is approximately three miles away.
For buyers or operators seeking an income-producing multifamily purchase with in-place occupancy, the combination of full tenancy and the listed building upgrades may reduce near-term capital concerns. Assigned parking and the centrally air-conditioned, impact-window-equipped improvements can also support tenant comfort and property usability. This offering is presented with long-term tenants in place, and the seller indicates the property is priced to sell.
Key Highlights
- Multifamily property built in 1972
- Freshly painted inside and out
- Recent upgrades include updated GE electrical panels
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,920
$608.9K
Cap Rate 7%
$434,943
$434.9K
Cap Rate 9%
$338,289
$338.3K
Market Conditions
NOI Build-Up for 1,982 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.3K $29.40/SF
− Vacancy
−$2.9K −$1.47/SF
EGI
$55.4K $27.93/SF
− OpEx
−$24.9K −$12.57/SF
NOI
$30.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,920
Cap Rate 7%
$434,943
Cap Rate 9%
$338,289
Alternative Uses
Best Use
Apartment 5plus
$434.9K
$380.6K – $507.4K
NOI $30,446 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$773.0K
$676.4K – $901.8K
NOI $54,109 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,275
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Freshly painted multifamily asset with updated electrical panels, central A/C, impact windows, and assigned parking.
Where is this multifamily property located?
The property is located at 131 SW 14th Court Pompano Beach, FL.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Multifamily property built in 1972; Freshly painted inside and out; Recent upgrades include updated GE electrical panels
