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305 SE 9th Ave
Pompano Beach, FL 33060
Multifamily Property For Sale
·
18 Units


INVESTMENT HIGHLIGHTS
- Prime location near beaches, Innovation District, and major highways
- Fully occupied with strong fundamentals and upside potential
- Private courtyard with pool and ample on-site parking
- Surrounded by luxury developments and civic investment
- Flexible income strategies: long-term or short-term rental
EXECUTIVE SUMMARY
305 SE 9th Avenue presents a rare opportunity to acquire a well-located, value-add multifamily asset in the heart of Pompano Beach, one of South Florida’s fastest-growing coastal markets. This 18-unit property, featuring a desirable mix of spacious two-bedroom, one-bedroom, and studio apartments, is fully occupied and positioned for significant upside through renovations and strategic repositioning. The building offers on-site parking and a private courtyard with a pool, enhancing resident appeal and operational flexibility.
Surrounded by transformative investment, including multimillion-dollar residential developments and civic enhancements, the property benefits from unparalleled proximity to Pompano Beach City Hall, the Cultural Center, and the revitalized Pompano Beach Pier. Major luxury projects such as Ritz-Carlton Residences and Waldorf Astoria Residences underscore the area’s trajectory toward high-end growth, driving demand and supporting rent appreciation.
Investors can capitalize on multiple strategies: elevate rents through interior upgrades, implement a short-term rental model to maximize cash flow, or maintain traditional leasing for stable returns. With strong demographic trends, ongoing redevelopment, and convenient access to US-1, I-95, beaches, dining, and entertainment, this asset offers enduring value in a market poised for long-term performance.
Surrounded by transformative investment, including multimillion-dollar residential developments and civic enhancements, the property benefits from unparalleled proximity to Pompano Beach City Hall, the Cultural Center, and the revitalized Pompano Beach Pier. Major luxury projects such as Ritz-Carlton Residences and Waldorf Astoria Residences underscore the area’s trajectory toward high-end growth, driving demand and supporting rent appreciation.
Investors can capitalize on multiple strategies: elevate rents through interior upgrades, implement a short-term rental model to maximize cash flow, or maintain traditional leasing for stable returns. With strong demographic trends, ongoing redevelopment, and convenient access to US-1, I-95, beaches, dining, and entertainment, this asset offers enduring value in a market poised for long-term performance.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.44 AC |
| No. Units | 18 | Building Size | 13,611 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1971 |
| Apartment Style | Low-Rise | Parking Ratio | 1.22/1,000 SF |
| Building Class | C | ||
| Zoning | RM-20, Pompano Beach - Allows moderate-density multifamily housing, townhomes, and some community/assisted living uses. | ||
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 13,611 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | RM-20, Pompano Beach - Allows moderate-density multifamily housing, townhomes, and some community/assisted living uses. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Kitchen
- Range
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 6 | - | - |
| 2+1.5 | 10 | - | - |
PROPERTY TAXES
| Parcel Number | 49-42-01-03-1380 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,246,420 |
PROPERTY TAXES
Parcel Number
49-42-01-03-1380
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,246,420
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