Log In/Sign Up
Your email has been sent.
240 SE 9th Ave - Snug Harbor Fourplex 4 Unit Apartment Building Offered at $900,000 at a 7.47% Cap Rate Pompano Beach, FL 33060
Investment Highlights
- Fully Renovated 4-Plex – Turnkey asset featuring four updated 2BR/1BA units with modern finishes throughout.
- Modern Interior Upgrades – Updated kitchens and bathrooms, contemporary flooring, upgraded fixtures, and central A/C in all units.
- High-Growth Submarket – Surrounded by major redevelopment and mixed-use projects fueling appreciation and rental demand.
- Strong Rental Income – Each unit rented at $1,750/month, providing consistent and stable cash flow.
- Prime Location in Pompano Beach – Minutes from beaches, downtown, major highways, and public transit.
- Long-Term Investment Potential – Ideal for investors seeking steady income with upside in the thriving South Florida market.
Executive Summary
Fausto Commercial presents this extraordinary investment opportunity! Renovated 4-plex in Pompano Beach featuring four 2BR/1BA units, each renting for $1,750/month. Units include updated kitchens and baths, modern flooring, upgraded fixtures, and central A/C, offering turnkey appeal. Ideally located near beaches, downtown Pompano, major highways, and transit, with significant redevelopment and large-scale mixed-use projects driving growth and demand throughout Pompano Beach. Excellent opportunity for investors seeking stable income and long-term appreciation in a rapidly growing South Florida market! Don’t miss this opportunity!
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$94,800
|
$33.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$94,800
|
$33.27
|
| Taxes |
$14,137
|
$4.96
|
| Operating Expenses |
$11,400
|
$4.00
|
| Total Expenses |
$25,537
|
$8.96
|
| Net Operating Income |
$69,263
|
$24.31
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $94,800 |
| Annual Per SF | $33.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $94,800 |
| Annual Per SF | $33.27 |
| Taxes | |
|---|---|
| Annual | $14,137 |
| Annual Per SF | $4.96 |
| Operating Expenses | |
|---|---|
| Annual | $11,400 |
| Annual Per SF | $4.00 |
| Total Expenses | |
|---|---|
| Annual | $25,537 |
| Annual Per SF | $8.96 |
| Net Operating Income | |
|---|---|
| Annual | $69,263 |
| Annual Per SF | $24.31 |
Property Facts
| Price | $900,000 | Property Type | Multifamily |
| Price Per Unit | $225,000 | Building Size | 2,849 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7.47% | No. Stories | 1 |
| No. Units | 4 | Year Built | 1972 |
| Zoning | RM-20 | ||
| Price | $900,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 7.47% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 2,849 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1972 |
| Zoning | RM-20 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Stainless Steel Appliances
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,750 | - |
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 49-42-01-03-1081 | Total Assessment | $622,790 |
| Land Assessment | $42,880 | Annual Taxes | $14,137 ($4.96/SF) |
| Improvements Assessment | $579,910 | Tax Year | 2026 |
Property Taxes
Parcel Number
49-42-01-03-1081
Land Assessment
$42,880
Improvements Assessment
$579,910
Total Assessment
$622,790
Annual Taxes
$14,137 ($4.96/SF)
Tax Year
2026
1 of 27
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
240 SE 9th Ave - Snug Harbor Fourplex
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.