Pompano Beach Multifamily Investment
For Sale
Contact for pricing
417 NW 7 Avenue, Pompano Beach, FL 33060
Six 2-bedroom, 1-bathroom units in Pompano Beach, fully rented.
Property Size4,105 SF
Price / SF$267.97
Days on Market987
Property Features for 417 NW 7 Avenue
General Information
Standard status
Active
Size
4,105 SF
Property subtype
Special Purpose
Building Details
Year Built
1968
Units
6
Listing Agency:
Sobhan Real Estate LLC
Listed By:
Raisa Rahman · License #3472984
(561) 409-9800
Source:
Crexi
Added: Jan 27, 2024
Changed: Sep 10
Last Checked: Oct 9 at 6:36PM
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 Sobhan Real Estate LLC
Investment Insights
Based on property information with market context.
This property features six units, each with 2 bedrooms and 1 bathroom, situated in Pompano Beach, Florida. The property is currently fully rented, presenting a potential investment opportunity. The building has a total size of 4105 square feet.
Key Highlights
- Lucrative investment opportunity in Pompano Beach
- Six 2‑bedroom, 1‑bathroom units
- All units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,059
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,180
$1.3M
Cap Rate 7%
$900,843
$900.8K
Cap Rate 9%
$700,656
$700.7K
Market Conditions
NOI Build-Up for 4,105 SF
Gross rent
$120.7K $29.40/SF
− Vacancy
−$6.0K −$1.47/SF
EGI
$114.7K $27.93/SF
− OpEx
−$51.6K −$12.57/SF
NOI
$63.1K $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%
$1,261,180
Cap Rate 7%
$900,843
Cap Rate 9%
$700,656
Alternative Uses
Best Use
Apartment 5plus
$900.8K
$788.2K – $1.05M
NOI $63,059 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,067 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,191
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six 2-bedroom, 1-bathroom units in Pompano Beach, fully rented.
Where is this apartment building located?
The property is located at 417 NW 7 Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Lucrative investment opportunity in Pompano Beach; Six 2‑bedroom, 1‑bathroom units; All units are currently rented
