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231 SW 15th St 8 Unit Apartment Building $1,825,000 ($228,125/Unit) 6.17% Cap Rate Pompano Beach, FL 33060
EXECUTIVE SUMMARY
GREAT INVESTMENT OPPORTUNITY 8-UNIT MULTI-FAMILY (plus a small office room for short term renters) IN THE HEART OF POMPANO BEACH. ~ 3.5 MILES TO THE BEACH. RENOVATED BUILDING W/FENCED IN POOL, Two 2/1's and Six 1/1's with all updated interior and exterior, new roof and beautiful swimming pool area, impact doors and window, fenced pool, etc... Plenty of parking and guest parking. Fully tenant occupied with annual leases. Kitchens have stainless steel appliances, granite countertops and cherry wood cabinets. Property under 24/7 security camera. Don’t miss this opportunity!
Offering memorandum available on request.
Offering memorandum available on request.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$168,000
|
$34.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$168,000
|
$34.22
|
| Taxes |
$24,015
|
$4.89
|
| Operating Expenses |
$27,764
|
$5.66
|
| Total Expenses |
$51,779
|
$10.55
|
| Net Operating Income |
$116,221
|
$23.68
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $168,000 |
| Annual Per SF | $34.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $168,000 |
| Annual Per SF | $34.22 |
| Taxes | |
|---|---|
| Annual | $24,015 |
| Annual Per SF | $4.89 |
| Operating Expenses | |
|---|---|
| Annual | $27,764 |
| Annual Per SF | $5.66 |
| Total Expenses | |
|---|---|
| Annual | $51,779 |
| Annual Per SF | $10.55 |
| Net Operating Income | |
|---|---|
| Annual | $116,221 |
| Annual Per SF | $23.68 |
PROPERTY FACTS Under Contract
| Price | $1,825,000 | Apartment Style | Low-Rise |
| Price Per Unit | $228,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 6.17% | Building Size | 4,909 SF |
| Sale Condition | Build to Suit | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 2.44/1,000 SF |
| Zoning | RM-20 County - 3.5 MILES TO THE BEACH. RENOVATED BUILDING W/FENCED IN POOL | ||
| Price | $1,825,000 |
| Price Per Unit | $228,125 |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| Sale Condition | Build to Suit |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 4,909 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 2.44/1,000 SF |
| Zoning | RM-20 County - 3.5 MILES TO THE BEACH. RENOVATED BUILDING W/FENCED IN POOL |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
SITE AMENITIES
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 49-42-02-14-2490 | Total Assessment | $1,192,670 (2025) |
| Land Assessment | $105,000 (2025) | Annual Taxes | $24,015 ($4.89/SF) |
| Improvements Assessment | $1,000,900 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
49-42-02-14-2490
Land Assessment
$105,000 (2025)
Improvements Assessment
$1,000,900 (2025)
Total Assessment
$1,192,670 (2025)
Annual Taxes
$24,015 ($4.89/SF)
Tax Year
2024
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231 SW 15th St
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