1420 SE 4th Ave 8 Unit Apartment Building $1,900,000 ($237,500/Unit) 7.02% Cap Rate Pompano Beach, FL 33060

Well-maintained 8-unit multifamily property located in the desirable southeast Pompano Beach area near scenic canals and waterways in Waterview Estates. This two-story building sits on a spacious corner lot and is in exceptional, well-kept condition, reflecting consistent care and pride of ownership. The property features solid concrete construction, impact-resistant windows, on-site parking, security cameras, and a functional layout designed for low maintenance and long-term durability. The unit mix includes seven 2-bedroom, 2-bath units and one 1-bedroom, 1-bath unit.
Additional income potential is enhanced by a coin-operated laundry room, while an on-site office provides convenience for management or operations. The property currently generates approximately $177,000 in gross annual income, with the potential to exceed $195,000 by bringing rents to market levels—representing a cap rate of over 7% with significant upside remaining.
Ideally positioned just minutes from the beach, Intracoastal waterways, shopping, dining, and major roadways, the property benefits from strong rental demand in a prime coastal location.
A prime investment opportunity with excellent cash flow and upside potential in one of South Florida’s most active rental markets. The area is undergoing a significant transformation driven by approximately $2 billion in downtown redevelopment in Pompano Beach, including new mixed-use projects, public realm improvements, infrastructure upgrades, and expanded civic and commercial spaces that are reshaping the city’s core into a modern urban destination.
In addition, the broader Intracoastal and coastal corridor continues to attract high-end branded development, including ultra-luxury residences such as The Ritz-Carlton Residences Pompano Beach, along with anticipated and emerging five-star hospitality and branded residential concepts like W Hotels in nearby Fort Lauderdale and surrounding Gold Coast markets. These projects are elevating the entire region with resort-style amenities, marinas, dining, and lifestyle-driven development, further strengthening long-term rental demand and appreciation potential in the area.