22-Unit Apartment
For Sale
$4,000,000
301 NW 32nd Ct # 22 Unit 1-22, Pompano Beach, FL 33064
Every residence has a two-bedroom, two-bathroom layout.
Property Size16,679 SF
Lot Size1.00 Acre
Price / SF$239.82
Days on Market66
Property Features for 301 NW 32nd Ct # 22 Unit 1-22
General Information
Standard status
Active
Size
16,679 SF
Lot size
1.00 Acre
Property subtype
Income/MultiFamily
Units
Unit Mix
22 x 2BR/2BA
Multifamily Units
22
Additional Details
Gross Income
$396,318
Highway Access
Yes
Building Details
Building Size
16,679 SF
Year Built
1975
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Elior Levi · License #3574869
(786) 483-0826
Source:
Rgirealty
Added: Aug 28
Changed: Nov 1
Last Checked: Oct 31 at 3:36AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 22-unit apartment property in Pompano Beach contains 16,679 square feet of building area on a 43,552-square-foot lot. All apartments are configured with two bedrooms and two bathrooms. The building dates to 1975.
I-95 and Atlantic Boulevard are minutes away, with access to Downtown Pompano Beach, retail corridors, employment centers, and the waterfront. The property may also be acquired alongside an adjacent 24-unit apartment property as a combined 46-unit portfolio.
I-95 and Atlantic Boulevard are minutes away, with access to Downtown Pompano Beach, retail corridors, employment centers, and the waterfront. The property may also be acquired alongside an adjacent 24-unit apartment property as a combined 46-unit portfolio.
Key Highlights
- 22 apartments, each with two bedrooms and two bathrooms
- Approximately 16,679 SF of building area
- 43,552 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$256,214
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,124,280
$5.1M
Cap Rate 7%
$3,660,200
$3.7M
Cap Rate 9%
$2,846,822
$2.8M
Market Conditions
NOI Build-Up for 16,679 SF
Gross rent
$490.4K $29.40/SF
− Vacancy
−$24.5K −$1.47/SF
EGI
$465.8K $27.93/SF
− OpEx
−$209.6K −$12.57/SF
NOI
$256.2K $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%
$5,124,280
Cap Rate 7%
$3,660,200
Cap Rate 9%
$2,846,822
Alternative Uses
Best Use
Apartment 5plus
$3.66M
$3.20M – $4.27M
NOI $256,214 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.50M
$5.69M – $7.59M
NOI $455,337 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
22
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 33064, FL
62,429
Population
26,641
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
82%
High-School Grad
10.2 sq mi
ZIP Area
6,120
Density / Sq Mi
$66,269
Median Household Income
$35,090
Median Earnings
$1,689
Median Rent
$293,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Every residence has a two-bedroom, two-bathroom layout.
Where is this apartment building located?
The property is located at 301 NW 32nd Ct # 22 Unit 1-22 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 22 apartments, each with two bedrooms and two bathrooms; Approximately 16,679 SF of building area; 43,552 SF lot
