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231 SW 15th St 8 Unit Apartment Building $3,061,740 CAD ($382,718 CAD/Unit) 5.17% Cap Rate Pompano Beach, FL 33060
Investment Highlights
- Full Concrete Block Construction
- Minutes to the Atlantic Coast and Fort Lauderdale Beach
- Attractive Location For Residents and Owners Alike
- Gabled Roof
- Excellent Curb Appeal and General Layout
- Excellent Proximity to Employment Centers
Executive Summary
Cypress Gardens is a well-maintained, fully occupied multifamily asset, located immediately west of the intersection
between South Cypress Road and West McNab Rd in Pompano Beach, FL.
With a desirable location, attractive interior finishes, and substantial resident amenities, Cypress Gardens is a
fundamentally strong investment opportunity in one of the nation’s highest demand and most downturn-resistant rental
markets.
Featuring full concrete block construction, a recent roof, and attractive resident amenities, it offers a durable and low
maintenance structure, with easily maintained grounds and parking.
Cypress Gardens also presents an excellent resident value proposition. Each unit enjoys a comfortably sized,
private/fenced back yard area, assigned parking spaces, and 24/7 access to a community pool and common laundry
room.
between South Cypress Road and West McNab Rd in Pompano Beach, FL.
With a desirable location, attractive interior finishes, and substantial resident amenities, Cypress Gardens is a
fundamentally strong investment opportunity in one of the nation’s highest demand and most downturn-resistant rental
markets.
Featuring full concrete block construction, a recent roof, and attractive resident amenities, it offers a durable and low
maintenance structure, with easily maintained grounds and parking.
Cypress Gardens also presents an excellent resident value proposition. Each unit enjoys a comfortably sized,
private/fenced back yard area, assigned parking spaces, and 24/7 access to a community pool and common laundry
room.
Property Facts
| Price | $3,061,740 CAD | Building Class | C |
| Price Per Unit | $382,718 CAD | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 4,909 SF |
| Cap Rate | 5.17% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 2.44/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-20 County - MEDIUM DENSITY MULTIFAMILY | ||
| Price | $3,061,740 CAD |
| Price Per Unit | $382,718 CAD |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 4,909 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 2.44/1,000 SF |
| Zoning | RM-20 County - MEDIUM DENSITY MULTIFAMILY |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 49-42-02-14-2490 | Improvements Assessment | $1,557,326 CAD |
| Land Assessment | $146,129 CAD | Total Assessment | $1,703,455 CAD |
Property Taxes
Parcel Number
49-42-02-14-2490
Land Assessment
$146,129 CAD
Improvements Assessment
$1,557,326 CAD
Total Assessment
$1,703,455 CAD
Contacts
-
Martin Goldstein -
Russell Goldstein -
The Goldstein Group (MRG Associates, LLC)
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231 SW 15th St
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