940 Nw 8th Ave, Pompano Beach, FL 33060
- $2,749,000
- List Price
- $2,749,000
- MLS#
- A12064356
- Lot Size
- 14,148
- Subtype
- Income/MultiFamily
- County
- Broward
- Community
- Not Found
- Year Built
- 1973
Property Description
Fully renovated, 100%-occupied 10-unit multifamily in the heart of Pompano Beach, Broward County. Every unit is a spacious 2BR/1BA home delivered in essentially new condition after a comprehensive 2024-2025 gut renovation, with approximately $500,000 invested across all units and the exterior. Truly turnkey and move-in ready: new white-cabinet kitchens with quartz counters and stainless appliances, marble-look tiled baths, luxury vinyl plank flooring, individual mini-split HVAC, and in-unit laundry connections in every unit. Permitted upgrades to electrical, plumbing, and impact windows and doors mean no deferred maintenance and materially reduced near-term capital risk for a buyer. Freshly stuccoed and painted exterior with striped tenant and guest parking. Offered at $2,749,000 ($317/SF, below the Pompano Beach market average), reflecting a 6.87% pro forma cap rate. Ideally positioned along the Gold Coast between Fort Lauderdale and Boca Raton, with quick 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 all a short drive away.
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Additional Information
- Status Label
- ACTIVE
- Total Unitsin Complex
- 10
- Boat Service
- Leases, Leases
- Construction
- Concrete Block Construction, CBS Construction
- Cooling
- Central Individual A/C
- Flooring
- Vinyl
- Heating
- Central Individual A/C
- Lot Description
- City Location, Near Airport
- Parking
- Assigned, Guest
- Roof
- Shingle
- Taxes
- $28,693
- Roofing
- Shingle
- Boat Services
- Leases, Leases
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