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1109 NW 6th Ave 5 Unit Apartment Building $1,550,621 CAD ($310,124 CAD/Unit) 7.30% Cap Rate Pompano Beach, FL 33060
INVESTMENT HIGHLIGHTS
- Seller Financing Options Available!
- Interiors Completely upgraded in 2022 restoration!
- Excellent Location!
- Easy and Quick to Rent!
- 100% Occupied!
EXECUTIVE SUMMARY
Seller Financing Options Available! Completely restored and remodeled modern 5-unit CBS apartment building. Everything was updated including A/C, Electrical, Plumbing, Floors, Hurricane Impact Windows & Doors, Fixtures, Appliances, Cabinets, Closets, etc in 2022 as part of the restoration. Everything permitted in each unit as of 2022! Features four 2br/1ba and one 1br/1ba apartment unit modern restored with everything needed to achieve maximum rents. 2br units rent for $1,900 to $1,950 and the 1br unit rents for $1,700 to $1,750 per month. Gross income at $113,400 per year! Easy to self-manage and great tenants 100% occupied since restoration completed! Great east location near everything! All 5 leases are annual unfurnished. ~7.0% cap rate at full ask price!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,550,621 CAD | Building Class | C |
| Price Per Unit | $310,124 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,269 SF |
| Cap Rate | 7.30% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | RM-20 - Multifamily | ||
| Price | $1,550,621 CAD |
| Price Per Unit | $310,124 CAD |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,269 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1985/2022 |
| Parking Ratio | 1.84/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-20 - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Granite Countertops
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $2,688 CAD | - |
| 1+1 | 1 | $2,378 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 48-42-35-53-0020 | Total Assessment | $1,166,679 CAD (2025) |
| Land Assessment | $82,498 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,084,181 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
48-42-35-53-0020
Land Assessment
$82,498 CAD (2025)
Improvements Assessment
$1,084,181 CAD (2025)
Total Assessment
$1,166,679 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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1109 NW 6th Ave
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