940 Nw 8th Ave, Pompano Beach, FL 33060
- $2,749,000
- List Price
- $2,749,000
- MLS#
- A12064356
- Status
- ACTIVE
- Type
- Commercial
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
- Days on Market
- 41
- Tax Amount
- $28,693
- Water Access
- Leases, Leases
- Parcel Number
- 484235000440
- Lot Size
- 14,148
- 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.
- Address
- 940 Nw 8th Ave, Pompano Beach
- Year Built
- 1973
- Section
- 35
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Listing Courtesy of Canvas Real Estate, Contact: