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Renovated Residential Income Property

400 S Cypress Road, Pompano Beach, FL 33060

For Sale
$169,000

Residential, Pompano Beach, FL

Property Size930 SF
Price / SF$181.72
Days on Market241

Property Features for 400 S Cypress Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RM-20
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Parking 1
Parking features Guest, Assigned
Window features Blinds
Interior features Built-in Features, Closet Cabinetry, Custom Mirrors, Walk-In Closet(s)
Appliances Range, Dishwasher, Disposal, Electric Range, Ice Maker, Microwave, Oven, Refrigerator
Subdivision VIRGINIAN APARTMENTS
Standard status Active
APN 494201nw0770
Size 930 SF

Taxes and HOA fees

Tax Year 2025
Tax Description THE VIRGINIAN APARTMENTS OF POMPANO BEACH, INC. CO-OP UNIT 428
Tax Annual Amount 2631
Expense value 150
Expense Application Fee
Expense freq. One Time
HOA Fee $566 Monthly
Legal Description THE VIRGINIAN APARTMENTS OF POMPANO BEACH, INC. CO-OP UNIT 428

Utilities

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

Amenities

pool
clubhouse
social amenities

Building Details

Year built 1967
Floors in Building 2
Flooring type Tile
Building materials Block, Brick, Concrete
Architectural style Other
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# B26002116

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 930-square-foot co-op offers a renovated two-bedroom, two-bathroom layout with a freshly painted interior, tile flooring, built-in features, closet cabinetry, custom mirrors, and a walk-in closet. The residence includes a range, dishwasher, disposal, microwave, oven, refrigerator, and ice maker, along with central air and electric heating. Assigned and guest parking are available. The building was constructed in 1967, and the roof is brand new with the assessment paid by the seller.

The property is located 2.5 miles from the beach and Pompano Pier, with Publix directly across the street. Dining, shopping, and transit are within walking distance. Community amenities include a pool, clubhouse, and social activities. The property is in a 55+ community, operates as a cash-only co-op, and permits seasonal rentals once per year for 3-4 months.

Key Highlights

  • Renovated 930‑square‑foot, 2BR/2BA co‑op
  • Brand‑new building roof with assessment paid by seller
  • Located 2.5 miles from the beach and Pompano Pier

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$14,286
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,720 $285.7K
Cap Rate 7%
$204,086 $204.1K
Cap Rate 9%
$158,733 $158.7K
Market Conditions
NOI Build-Up for 930 SF
Gross rent
$27.3K $29.40/SF
− Vacancy
−$1.4K −$1.47/SF
EGI
$26.0K $27.93/SF
− OpEx
−$11.7K −$12.57/SF
NOI
$14.3K $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%
$285,720
Cap Rate 7%
$204,086
Cap Rate 9%
$158,733

Alternative Uses

Best Use
Apartment 5plus
$204.1K
$178.6K – $238.1K (±1% cap)
NOI $14,286 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.7K
$317.4K – $423.2K (±1% cap)
NOI $25,389 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

1
Residential units

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 - Renovated two-bedroom co-op in a 55+ community with pool and clubhouse amenities.
Where is this residential income property located?
The property is located at 400 S Cypress Road Pompano Beach, FL.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Renovated 930‑square‑foot, 2BR/2BA co‑op; Brand‑new building roof with assessment paid by seller; Located 2.5 miles from the beach and Pompano Pier
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