417 NW 7 Avenue, Pompano Beach, FL 33060
Six 2-bedroom, 1-bathroom units in Pompano Beach, fully rented.
- Added:
- Jan 27, 2024
- Days on Market:
- 892
- Last Refresh:
- Jun 22 at 7:23 am
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
Listing office Sobhan Real Estate LLC
Listing date Jan 27, 2024
Source Crexi
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
HighLights
- Lucrative investment opportunity in Pompano Beach
- Six 2‑bedroom, 1‑bathroom units
- All units are currently rented
- Multi‑family property
- Located in Pompano Beach
- Built in 1968
Overview
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 | $120.7k | $29.40 |
| − Vacancy | −$6.0k | −$1.47 |
| EGI | $114.7k | $27.93 |
| − OpEx | −$51.6k | −$12.57 |
| NOI | $63.1k | $15.36 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.131716
- Latitude
- 26.2354756
