Multifamily Property Near
231 SW 8th Ct Pompano Beach, FL 33060
231 SW 8th Ct, Pompano Beach, FL, 33060
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For Sale
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Multifamily property in a desirable, growing area near the beach.
Property Size2,219 SF
Price / SF$337.99
Days on Market69
Property Features for 231 SW 8th Ct
General Information
- Standard status
- Active
- Size
- 2,219 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1971
Listing Agency
SAMOVEY Realty
Listed by
Glabedys Grisales · License #3410949
Source
Crexi
Added: May 13 Updated: Jul 10 at 1:36 pm Checked: Jul 20 at 4:31 am
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
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.2k | $29.40 |
| − Vacancy | −$3.3k | −$1.47 |
| EGI | $62.0k | $27.93 |
| − OpEx | −$27.9k | −$12.57 |
| NOI | $34.1k | $15.36 |
2,219 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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 Ct 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
