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Property summary
This exceptional fourplex in desirable Hillsboro Shores, Pompano Beach, Florida, presents a lucrative investment opportunity. Located east of A1A, this 1-story, 1976-built property boasts four units, each featuring two bedrooms and two bathrooms, private laundry, and a patio. The meticulously landscaped, fenced property includes a heated pool, patio, and barbecue areas, enhancing its appeal to renters. All units have undergone complete renovations, incorporating impact windows and doors for enhanced security and energy efficiency. The entire complex operates on solar power, minimizing operating costs and maximizing environmental responsibility. Currently generating income as a short-term rental, the property enjoys a full booking schedule through May 2025, with all units receiving five-star reviews. The property is fully furnished and equipped to meet all guest needs, and all necessary short-term rental licenses are in place. A private beach membership is also available. The asking price for this turnkey investment is $2,400,000. Located at 3405 Norfolk St, Pompano Beach, FL 33062, this property offers a unique blend of location, amenities, and income potential. This is a rare opportunity to acquire a high-performing, well-maintained multifamily property in a highly sought-after area.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Pompano Beach market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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