Log In/Sign Up
Your email has been sent.
Santa Barbara Estates 2255 SE 5th St 10 Unit Apartment Building $2,250,000 ($225,000/Unit) 5.64% Cap Rate Pompano Beach, FL 33062
INVESTMENT HIGHLIGHTS
- Concrete Block, Two-Story 10-Unit Property Minutes From Pompano Beach And The Pier
- Strong Upside Potential Driven By Major Area Redevelopment And Long-Term Demand Growth
- Walkable To Beachfront Recreation, Dining, Entertainment, And Fishing Village Amenities
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Santa Barbara Estates, a 10-unit multifamily property located at 2255 SE 5th Street in Pompano Beach, Florida. Built in 1970, the property totals 5,880 square feet on a 0.24-acre lot. The two-story building is constructed of concrete block with a flat built-up roof and features ten one-bedroom/one-bathroom units averaging 580 square feet each.
Ideally positioned in east Pompano Beach, the property is located just minutes from the award-winning Pompano Beach shoreline, the renovated Fisher Family Pier, and the oceanfront Pompano Beach Fishing Village—a vibrant dining, retail, and entertainment destination. Residents benefit from quick access to beachfront parks, walking paths, and the area’s expanding collection of restaurants and boutique offerings.
Santa Barbara Estates stands to benefit from extensive ongoing redevelopment throughout Pompano Beach. Major public and private investments—including new luxury residential towers, large-scale mixed-use projects, and the 6-acre Pier redevelopment—are transforming the area into one of South Florida’s most active coastal growth corridors. Continued demand for renovated apartments, proximity to the beach, and limited supply of small multifamily assets make this a compelling investment in a rapidly evolving submarket.
Ideally positioned in east Pompano Beach, the property is located just minutes from the award-winning Pompano Beach shoreline, the renovated Fisher Family Pier, and the oceanfront Pompano Beach Fishing Village—a vibrant dining, retail, and entertainment destination. Residents benefit from quick access to beachfront parks, walking paths, and the area’s expanding collection of restaurants and boutique offerings.
Santa Barbara Estates stands to benefit from extensive ongoing redevelopment throughout Pompano Beach. Major public and private investments—including new luxury residential towers, large-scale mixed-use projects, and the 6-acre Pier redevelopment—are transforming the area into one of South Florida’s most active coastal growth corridors. Continued demand for renovated apartments, proximity to the beach, and limited supply of small multifamily assets make this a compelling investment in a rapidly evolving submarket.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5.64% | Building Size | 5,880 SF |
| Gross Rent Multiplier | 10.5 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Zoning | RM-20 - Medium Density Residential | ||
| Price | $2,250,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 5.64% |
| Gross Rent Multiplier | 10.5 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,880 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | RM-20 - Medium Density Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Refrigerator
- Handrails
SITE AMENITIES
- Laundry Facilities
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 49-43-06-07-0060 | Improvements Assessment | $1,368,080 |
| Land Assessment | $94,500 | Total Assessment | $1,462,580 |
PROPERTY TAXES
Parcel Number
49-43-06-07-0060
Land Assessment
$94,500
Improvements Assessment
$1,368,080
Total Assessment
$1,462,580
CONTACTS
-
Daniel Cunningham -
Dillon Majeski -
Evan Richardson -
River Rhoads -
Cory Sanchez -
Jason Nowik -
Marcus & Millichap
1 of 17
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Santa Barbara Estates | 2255 SE 5th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.