Renovated 10-Unit Apartment
For Sale
$2,749,000
940 NW 8th Ave, Pompano Beach, FL 33060
Commercial Sale, Pompano Beach, FL
Property SizeContact for details
Lot Size0.32 Acres
Days on Market48
Property Features for 940 NW 8th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
RM-20
Parking
12
Parking features
Assigned, Guest
Directions
From I-95, take Exit 36 and head east on Atlantic Blvd, then turn north (left) onto NW 8th Ave to the 900 block. Property at 940 NW 8th Ave, just west of downtown Pompano and the CRA redevelopment district.
Subdivision
3425
Standard status
Active
APN
484235000440
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
35-48-42 E 141.65 OF E1/2 OF SW1/4 OF SW1/4 OF NW1/4 LESS N 25 & LESS S 541
Tax Annual Amount
28693
Legal Description
35-48-42 E 141.65 OF E1/2 OF SW1/4 OF SW1/4 OF NW1/4 LESS N 25 & LESS S 541
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry connections
Building Details
Year built
1973
Number of units
10
Flooring type
Vinyl
Building materials
Block
Roof type
Shingle
Listing Agency:
Canvas Real Estate
(954) 332-7121
Listed By:
Ernesto Vega · License #0648713
(954) 646-5677
Added: Aug 3
Changed: Sep 12
Last Checked: Sep 19 at 11:06AM
MLS# A12064356
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 10-unit apartment property in Pompano Beach contains ten 2BR/1BA residences. A comprehensive renovation completed during 2024-2025 updated the interiors and exterior, including kitchens with white cabinetry, quartz countertops, and stainless-steel appliances; marble-look tile in the bathrooms; luxury vinyl plank flooring; and laundry connections within each unit. Electrical and plumbing systems were upgraded, and impact-rated windows and doors were installed. The building was constructed in 1973 on a 0.3248-acre lot, with block construction, shingle roofing, public water, and public sewer. Parking includes assigned spaces for tenants and guest spaces.
The property is located in Broward County with access to I-95, Florida's Turnpike, and US-1/Federal Highway. Atlantic beaches, Broward College North Campus, and downtown Pompano's CRA redevelopment district are identified as nearby destinations. Occupancy is reported at 100%, with a 6.87% pro forma cap rate.
The property is located in Broward County with access to I-95, Florida's Turnpike, and US-1/Federal Highway. Atlantic beaches, Broward College North Campus, and downtown Pompano's CRA redevelopment district are identified as nearby destinations. Occupancy is reported at 100%, with a 6.87% pro forma cap rate.
Key Highlights
- 10‑unit apartment property with 100% occupancy
- All residences feature a 2BR/1BA layout
- 2024‑2025 renovation included interior and exterior improvements
Property Analytics
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,016
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily asset with updated kitchens, baths, flooring, windows, and doors.
Where is this apartment building located?
The property is located at 940 NW 8th Ave Pompano Beach, FL.
What is the asking price?
The asking price for this property is $2,749,000.
What are key features of this property?
This property features: 10‑unit apartment property with 100% occupancy; All residences feature a 2BR/1BA layout; 2024‑2025 renovation included interior and exterior improvements
