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901-951 NW 8th Ave
Pompano Beach, FL 33060
Parkside Apartments · Multifamily Property For Sale
·
97 Units
Investment Highlights
- Rare Opportunity To Acquire A Well-Maintained, 98 Unit Property Situated On 2.39 Acres In An Up And Coming Neighborhood Of Pompano Beach
- Diverse Unit Mix Consisting Of (19) Studios, (52) 1 Bed 1 Bath Units, (17) 2 Bed 1 Bath Units, And (10) 2 Bed 2 Bath Units
- Passed 40 & 50 Year Recertification
- Great Opportunity To Assume Current Loan (Non-Agency) Of $5,908,933.50 At 3.0% Fixed Rate Until December 2029
- Over $1,000,000+ In Recent Capital Improvements Including Full Replacement Of Electrical Supply Lines, Circuit Breakers, And Shut Offs
- 75% Of Units Now Feature Upgraded Kitchens, New Mini-Split AC Systems, Vinyl Slider Windows, And Modern Lighting Fixtures
Property Facts
| Price Per Unit | $147,423 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.39 AC |
| Cap Rate | 6.51% | Building Size | 46,962 SF |
| No. Units | 97 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | RM-20 - RM-20, also located within Opportunity Zone. | ||
| Price Per Unit | $147,423 |
| Sale Type | Investment |
| Cap Rate | 6.51% |
| No. Units | 97 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.39 AC |
| Building Size | 46,962 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1958 |
| Opportunity Zone |
Yes |
| Zoning | RM-20 - RM-20, also located within Opportunity Zone. |
Amenities
Unit Amenities
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 53 | - | 540 - 750 |
| 1+1 | 27 | - | 600 - 770 |
| 2+2 | 17 | - | 700 - 780 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $9,695,170 | |
| Land Assessment | $623,530 | Total Assessment | $10,318,700 |
Property Taxes
Parcel Numbers
Land Assessment
$623,530
Improvements Assessment
$9,695,170
Total Assessment
$10,318,700
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