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Second-Floor Residential Income Property

330 S Cypress Road, Pompano Beach, FL 33060

For Sale
$137,000

Residential, Pompano Beach, FL

Property Size756 SF
Price / SF$181.22
Days on Market241

Property Features for 330 S Cypress Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning rm50
Bedrooms 1
Bathrooms 2
Full bathrooms 1
Half bathrooms 1
Rooms Bathroom 2, Bedroom 1, Bathroom 1
Parking 1
Interior features Walk-In Closet(s)
Appliances Electric Water Heater, Electric Range, Oven, Refrigerator, Water Heater
Subdivision VIRGINIAN APARTMENTS
Standard status Active
APN 494201nw1140
Size 756 SF

Taxes and HOA fees

Tax Year 2025
Tax Description THE VIRGINIAN APARTMENTS OF POMPANO BEACH, INC. CO-OP UNIT 625
Tax Annual Amount 2393
Expense value 150
Expense Application Fee
Expense freq. One Time
HOA Fee $441 Monthly
Legal Description THE VIRGINIAN APARTMENTS OF POMPANO BEACH, INC. CO-OP UNIT 625

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Central
Cooling system Ceiling Fan(s), Central Air
Water source Public

Amenities

private balcony
walk-in closet
ceiling fans
clubhouse
heated pool
library
picnic area
shuffleboard

Building Details

Year built 1967
Floors in Building 2
Flooring type Carpet
Listing Agency: Prestige Waterfront Realty
Listed By: Maya Tegov · License #3223531
Added: Mar 12 Changed: Oct 31 Last Checked: Nov 7 at 7:06AM
MLS# B26002118

Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This second-floor condominium includes one bedroom, one and a half bathrooms, 756 square feet of interior space, and an open-concept layout. A private balcony overlooks a garden area, while interior features include a walk-in closet, ceiling fans, carpet flooring, central heating, and central air conditioning. The unit also has an electric range, oven, refrigerator, and electric water heater.

Constructed in 1967, the property is served by public water and public sewer, with water available. Community amenities include a clubhouse, heated pool, library, picnic area, and shuffleboard. The property is located in Pompano Beach, Florida, near the oceanfront, fishing pier, dining, and major highways.

Key Highlights

  • 756‑square‑foot second‑floor condominium with 1 bedroom and 1.5 bathrooms
  • Private balcony with garden view
  • Walk‑in closet, carpet flooring, central heating, and central air conditioning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$11,613
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,260 $232.3K
Cap Rate 7%
$165,900 $165.9K
Cap Rate 9%
$129,033 $129.0K
Market Conditions
NOI Build-Up for 756 SF
Gross rent
$22.2K $29.40/SF
− Vacancy
−$1.1K −$1.47/SF
EGI
$21.1K $27.93/SF
− OpEx
−$9.5K −$12.57/SF
NOI
$11.6K $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%
$232,260
Cap Rate 7%
$165,900
Cap Rate 9%
$129,033

Alternative Uses

Best Use
Apartment 5plus
$165.9K
$145.2K – $193.6K (±1% cap)
NOI $11,613 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.8K
$258.0K – $344.0K (±1% cap)
NOI $20,639 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

1
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,789
Businesses Nearby

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
View Realmo Analytics

Market

Average Price Trend$/SF for Residential income properties in Pompano Beach, FL

$473 Jul
$448 Aug
$417 Sep
$436 Oct

Properties on Market for Residential income properties in Pompano Beach

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Residential income property - One-bedroom condominium with a private balcony, walk-in closet, and access to community amenities.
Where is this residential income property located?
The property is located at 330 S Cypress Road Pompano Beach, FL.
What is the asking price?
The asking price for this property is $137,000.
What are key features of this property?
This property features: 756‑square‑foot second‑floor condominium with 1 bedroom and 1.5 bathrooms; Private balcony with garden view; Walk‑in closet, carpet flooring, central heating, and central air conditioning
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