Pompano Beach Multifamily Investment
305 SE 9th Ave Pompano Beach, FL 33060
305 SE 9th Ave, Pompano Beach, FL, 33060
Contact for pricing
For Sale
Contact for pricing
Pending
Value-add multifamily property in a rapidly transforming Pompano Beach.
Property Size13,611 SF
Days on Market162
Property Features for 305 SE 9th Ave
General Information
- Standard status
- Pending
- Size
- 13,611 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1971
Listing Agency
Butters Realty and Management
Listed by
Virginia Calcano · License #3259966
Source
Crexi
Added: Feb 6 Checked: Jul 17 at 6:11 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 Butters Realty and Management
Investment Insights
Based on property information with market context.
Located in Pompano Beach, Florida, 305 SE 9th Avenue is a two-story multifamily property featuring eighteen units. The unit mix includes ten 2-bedroom/1.5-bathroom units, six 1-bedroom/1-bathroom units, and two studio/1-bathroom units. The property provides an opportunity for investors to reposition and capture rental upside. On-site amenities include ample parking and a private courtyard area with a pool. The property is surrounded by new development and single-family home renovations. Residents have convenient access to beaches, major highways, dining, shopping, and the Pompano Beach Pier and Innovation District. The property is positioned at the center of Pompano Beach’s ongoing public and private investment. It benefits from proximity to Pompano Beach City Hall and the Cultural Center. Significant capital investment is underway along the coastline, including the Ritz-Carlton Residences, Waldorf Astoria Residences, and KOI Residences & Marina. The property offers investors the opportunity to raise rents to match market trends, renovate units for premium returns, or reposition as a short-term rental model to maximize cash flow. The property size is 13,611 square feet.
Key Highlights
- Located in a rapidly transforming, high‑growth corridor of Pompano Beach.
- Value‑add multifamily property with opportunity to reposition and capture rental upside.
- Proximity to significant new luxury developments (Ritz‑Carlton, Waldorf Astoria, KOI Residences).
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 | $400.2k | $29.40 |
| − Vacancy | −$20.0k | −$1.47 |
| EGI | $380.2k | $27.93 |
| − OpEx | −$171.1k | −$12.57 |
| NOI | $209.1k | $15.36 |
13,611 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.99M
$2.61M – $3.48M
NOI $209,085 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.31M
$4.64M – $6.19M
NOI $371,580 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carol's Place
Apartment Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Value-add multifamily property in a rapidly transforming Pompano Beach.
Where is this apartment building located?
The property is located at 305 SE 9th Ave Pompano Beach, FL.
What is the asking price?
The asking price for this property is $4,332,347.
What are key features of this property?
This property features: Located in a rapidly transforming, high‑growth corridor of Pompano Beach.; Value‑add multifamily property with opportunity to reposition and capture rental upside.; Proximity to significant new luxury developments (Ritz‑Carlton, Waldorf Astoria, KOI Residences).
