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417 NW 7th Ave

6 Unit Apartment Building $1,495,000 ($249,167/Unit) 6.13% Cap Rate Pompano Beach, FL 33060

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Investment Highlights

New roof 2022
Huge rent upside easily accessible through exterior improvements and small renovations
Renovations and updates throughout!

Close and easily accessible to Interstate 95
Excellent, Primarily Single Family neighborhood, close to Atlantic Blvd!

Executive Summary

ASSET HIGHLIGHTS
• 2 – 3 Bedroom 1 Bath Units
• 4 – 2 Bedroom 1 Bath Units
• NEW ROOF 2 years ago!!
• FULL Concrete Block Construction.
• Permanent accordion-style storm shutters!
• Beneficial to insurance cost
• 417 is positioned only a few blocks from Atlantic Blvd, a major commercial thoroughfare in Broward County
running east/west.
• Offers extremely easy access to Interstate 95 (on-ramp mere minutes from the subject property directly west
on Atlantic Blvd).
• Excellent location for those employed in a wide range of locations like Boca Raton, Delray Beach, Ft
Lauderdale, North Miami, and more.
• Tenants enjoy access to everything the area has to offer, as well as:
• 2 and 3 bedroom layouts
• Off-street parking
• Permanent storm shutters
• Modern appliances
• Updated kitchens, and more!
• Pompano City Limits has a population of approx. 114,000 people. Extremely healthy tenant base. See attached
demographics summary section!

417 NW 7th Ave OM

Property Facts

Price	$1,495,000	Building Class	C
Price Per Unit	$249,167	Lot Size	0.22 AC
Sale Type	Investment	Building Size	4,105 SF
Cap Rate	6.13%	Average Occupancy	100%
No. Units	6	No. Stories	1
Property Type	Multifamily	Year Built/Renovated	1967/2018
Property Subtype	Apartment	Parking Ratio	1.46/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,495,000
Price Per Unit	$249,167
Sale Type	Investment
Cap Rate	6.13%
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.22 AC
Building Size	4,105 SF
Average Occupancy	100%
No. Stories	1
Year Built/Renovated	1967/2018
Parking Ratio	1.46/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.