1420 SE 4th Ave 8 Unit Apartment Building $3,001,328 CAD ($375,166 CAD/Unit) 6.07% Cap Rate Pompano Beach, FL 33060

Well-maintained 8-unit multifamily property located in the desirable southeast Pompano Beach area near scenic canals and waterways in Waterview Estates. This two-story building sits on a spacious corner lot and is in exceptional, well-kept condition, reflecting consistent care and pride of ownership. The property features solid concrete construction, impact-resistant windows, on-site parking, security cameras, and a functional layout designed for low maintenance and long-term durability. The unit mix includes seven 2-bedroom, 2-bath units and one 1-bedroom, 1-bath unit.
Additional income potential is enhanced by a coin-operated laundry room, while an on-site office provides convenience for management or operations. The property currently generates approximately $177,000 in gross annual income, with the potential to exceed $195,000 by bringing rents to market levels with significant upside remaining.
Ideally positioned just minutes from the beach, Intracoastal waterways, shopping, dining, and major roadways, the property benefits from strong rental demand in a prime coastal location.
A prime investment opportunity with excellent cash flow and upside potential in one of South Florida’s most active rental markets. The area is undergoing a significant transformation driven by approximately $2 billion in downtown redevelopment in Pompano Beach, including new mixed-use projects, public realm improvements, infrastructure upgrades, and expanded civic and commercial spaces that are reshaping the city’s core into a modern urban destination.
In addition, the broader Intracoastal and coastal corridor continues to attract high-end branded development, including ultra-luxury residences such as The Ritz-Carlton Residences Pompano Beach, along with anticipated and emerging five-star hospitality and branded residential concepts like W Hotels in nearby Fort Lauderdale and surrounding Gold Coast markets. These projects are elevating the entire region with resort-style amenities, marinas, dining, and lifestyle-driven development, further strengthening long-term rental demand and appreciation potential in the area.