$970,000

Price reduced

1109 NW 6th Ave, Pompano Beach FL 33060

3,269 sq ftBuilt 1984MLS# A12058467

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About this property

Fausto Commercial is proud to present this turnkey, fully renovated multifamily investment opportunity in the heart of Pompano Beach. This exceptional income-producing property features 5 units with an ideal unit mix of four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, generating over $113,000 in annual gross income with additional upside, creating an attractive 8%+ cap rate opportunity.

The property has undergone a complete renovation, including updated plumbing, updated electrical, central A/C throughout, and impact-resistant windows and doors. Renovated interiors feature modern kitchens and bathrooms, new flooring, updated fixtures, fresh paint, and contemporary lighting, while exterior improvements enhance curb appeal and minimize future maintenance, making this a true turnkey investment.

Located in one of South Florida's fastest-growing submarkets, the property benefits from Pompano Beach's ongoing transformation, including the $2 billion Downtown Pompano Beach redevelopment and nearby luxury developments that continue to attract new residents and investment. With strong in-place income, significant capital improvements, and long-term appreciation potential, this is an outstanding opportunity to acquire a stabilized multifamily asset in one of Broward County's most dynamic rental markets.

Property details

Property type
Multi-family
Year built
1984
Living area
3,269 sq ft
Price per sq ft
$297
Property taxes
$18,815/yr
Parking
6 spaces
Building / community
Blanche Ely
Status
Price reduced
MLS #
A12058467

Listing courtesy of Fausto Commercial Realty Consultants Inc.

Location

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