Multifamily Property Near
For Sale
$750,000
231 SW 8th Court, Pompano Beach, FL 33060
Multifamily property in a desirable, growing area near the beach.
Property Size2,219 SF
Price / SF$337.99
Days on Market164
Property Features for 231 SW 8th Court
General Information
Standard status
Active
Size
2,219 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$9,158
Building Details
Building Size
2,219 SF
Year Built
1971
Listing Agency:
SAMOVEY Realty
Listed By:
Glabedys Grisales · License #3410949
(754) 281-1060
Source:
Pamandtoni
Added: May 14
Changed: Oct 14
Last Checked: Oct 23 at 3:43PM
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 SAMOVEY Realty
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Investment Insights
Based on property information with market context.
This multifamily property offers an investment opportunity in a desirable and growing area. The property is located close to the beach and main expressways. The property size is 2219 square feet.
Key Highlights
- Excellent investor opportunity
- Desirable growing area
- Close to the beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,087
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,740
$681.7K
Cap Rate 7%
$486,957
$487.0K
Cap Rate 9%
$378,744
$378.7K
Market Conditions
NOI Build-Up for 2,219 SF
Gross rent
$65.2K $29.40/SF
− Vacancy
−$3.3K −$1.47/SF
EGI
$62.0K $27.93/SF
− OpEx
−$27.9K −$12.57/SF
NOI
$34.1K $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%
$681,740
Cap Rate 7%
$486,957
Cap Rate 9%
$378,744
Alternative Uses
Best Use
Apartment 5plus
$487.0K
$426.1K – $568.1K
NOI $34,087 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$865.4K
$757.2K – $1.01M
NOI $60,579 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,448
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
Check the figures for this property
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?
Multifamily property - Multifamily property in a desirable, growing area near the beach.
Where is this multifamily property located?
The property is located at 231 SW 8th Court Pompano Beach, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Excellent investor opportunity; Desirable growing area; Close to the beach
