Parkview Crossing 901-951 NW 8th Ave 98 Unit Apartment Building $14,300,000 ($145,918/Unit) 6.45% Cap Rate Pompano Beach, FL 33060

Parkview Crossing is a 98-unit multifamily property through (7) buildings consisting of (19) Studios, (52) one-bed, one-bath units, (17) two-bed, one-bath unit, (10) two-bed, two-bath Located in the heart of Pompano Beach, Florida, in Broward County. The subject properties were built in 1958 using reinforced concrete block construction with painted stucco exterior and are situated on 2.39 acres of land. The property has undergone significant capital improvements under the current ownership.
There has been over $1,000,000 invested into capital improvements including a state-of-the-art security system, gated fence, vinyl slider windows, asphalt parking lots, mini split AC, modern light fixtures, LED Lighting, and extensive interior renovations. 75% of the units have undergone extensive renovations.
The property is located just a few blocks west of Pompano Beach Airpark, southeast of Lighthouse Point and at the intersection of Atlantic Blvd and NW 8th Ave. Parkview Crossing is walking distance of newly built retail and restaurants and surrounded by new Class B apartment communities. The property is strategically located East of I-95, West of N Dixie-Hwy and at the intersection of NW 10th Ave and NW 10th St. The property is also located 5 miles from the renowned Light House Point and Chase Stadium home of Inter Miami FC. Additionally, within minutes of driving you can access the world-famous Pompano Beach, and the shops/restaurants located in downtown Fort Lauderdale.