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1109 NW 6th Ave 5 Unit Apartment Building $1,422,482 CAD ($284,496 CAD/Unit) 7.98% Cap Rate Pompano Beach, FL 33060
Investment Highlights
- Turnkey 5-unit multifamily investment
- Fully renovated, updated plumbing and electric, impact resistant doors and windows, and central AC in all units!
- 8%+ projected cap rate with additional rental upside
- Unit mix: Four (4) 2 Bed / 1 Bath units and One (1) 1 Bed / 1 Bath unit
- Over $113,000 annual gross rental income
- Located in the heart of Pompano Beach, with convenient access to I-95, US-1, major employers, shopping, dining, and beaches!
Executive Summary
Fausto Commercial is proud to present this turnkey, fully renovated multifamily investment opportunity in the heart of Pompano Beach. This exceptional income-producing property features 5 units with an ideal unit mix of four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, generating over $113,000 in annual gross income with additional upside, creating an attractive 8%+ cap rate opportunity.
The property has undergone a complete renovation, including updated plumbing, updated electrical, central A/C throughout, and impact-resistant windows and doors. Renovated interiors feature modern kitchens and bathrooms, new flooring, updated fixtures, fresh paint, and contemporary lighting, while exterior improvements enhance curb appeal and minimize future maintenance, making this a true turnkey investment.
Located in one of South Florida's fastest-growing submarkets, the property benefits from Pompano Beach's ongoing transformation, including the $2 billion Downtown Pompano Beach redevelopment and nearby luxury developments that continue to attract new residents and investment. With strong in-place income, significant capital improvements, and long-term appreciation potential, this is an outstanding opportunity to acquire a stabilized multifamily asset in one of Broward County's most dynamic rental markets.
The property has undergone a complete renovation, including updated plumbing, updated electrical, central A/C throughout, and impact-resistant windows and doors. Renovated interiors feature modern kitchens and bathrooms, new flooring, updated fixtures, fresh paint, and contemporary lighting, while exterior improvements enhance curb appeal and minimize future maintenance, making this a true turnkey investment.
Located in one of South Florida's fastest-growing submarkets, the property benefits from Pompano Beach's ongoing transformation, including the $2 billion Downtown Pompano Beach redevelopment and nearby luxury developments that continue to attract new residents and investment. With strong in-place income, significant capital improvements, and long-term appreciation potential, this is an outstanding opportunity to acquire a stabilized multifamily asset in one of Broward County's most dynamic rental markets.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$158,505
|
$48.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$158,505
|
$48.49
|
| Taxes |
$26,367
|
$8.07
|
| Operating Expenses |
$18,569
|
$5.68
|
| Total Expenses |
$44,936
|
$13.75
|
| Net Operating Income |
$113,569
|
$34.74
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $158,505 |
| Annual Per SF | $48.49 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $158,505 |
| Annual Per SF | $48.49 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,367 |
| Annual Per SF | $8.07 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,569 |
| Annual Per SF | $5.68 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $44,936 |
| Annual Per SF | $13.75 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $113,569 |
| Annual Per SF | $34.74 |
Property Facts
| Price | $1,422,482 CAD | Building Class | C |
| Price Per Unit | $284,496 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,269 SF |
| Cap Rate | 7.98% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1984/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RM-20 - Multifamily | ||
| Price | $1,422,482 CAD |
| Price Per Unit | $284,496 CAD |
| Sale Type | Investment |
| Cap Rate | 7.98% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,269 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1984/2022 |
| Parking Ratio | 1.2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-20 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,733 CAD | - |
| 1+1 | 1 | $2,382 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 48-42-35-53-0020 | Total Assessment | $1,224,119 CAD (2026) |
| Land Assessment | $82,672 CAD (2026) | Annual Taxes | $26,367 CAD ($8.07 CAD/SF) |
| Improvements Assessment | $1,141,447 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
48-42-35-53-0020
Land Assessment
$82,672 CAD (2026)
Improvements Assessment
$1,141,447 CAD (2026)
Total Assessment
$1,224,119 CAD (2026)
Annual Taxes
$26,367 CAD ($8.07 CAD/SF)
Tax Year
2025
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1109 NW 6th Ave
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