649 S Cypress Rd
Pompano Beach, FL 33060
Orchid Grove · Multifamily Property For Sale · 54 Units

Cushman & Wakefield, as an exclusive marketing advisor, is pleased to present the opportunity to acquire 54 out of 429 luxury townhome units, within Orchid Grove, a Class A community in Pompano Beach, Florida. Built in 2007 as “for sale” product, Orchid Grove provides exceptional finishes and spacious floor plans. The average size of the 54 townhomes is 2,150 square feet of air conditioned space. Each townhome includes a private direct access garage, terraces and balconies with high-end finishes. Orchid Grove offers a true turn-key operation with a very executable business plan. The HOA is well managed and fully funded with $692,000 in reserves. The buyer of the remaining 54 units has the advantage of acquiring the units below replacement cost, with in place cash flow, and the potential to sell individual units at a significant premium. In addition,the property is FHA approved which allows for end-user buyers to finance up to 95% of the total purchase price. Moreover, the average market rent on the 54-units is $2,390 meaning an individual can own at Orchid Grove for less cost compared to the cost of renting.