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240 SE 9th Ave - Snug Harbor Fourplex 4 Unit Apartment Building Offered at $1,250,280 CAD at a 7.47% Cap Rate Pompano Beach, FL 33060
Investment Highlights
- Fully Renovated 4-Plex – Turnkey asset featuring four updated 2BR/1BA units with modern finishes throughout.
- Modern Interior Upgrades – Updated kitchens and bathrooms, contemporary flooring, upgraded fixtures, and central A/C in all units.
- High-Growth Submarket – Surrounded by major redevelopment and mixed-use projects fueling appreciation and rental demand.
- Strong Rental Income – Each unit rented at $1,750/month, providing consistent and stable cash flow.
- Prime Location in Pompano Beach – Minutes from beaches, downtown, major highways, and public transit.
- Long-Term Investment Potential – Ideal for investors seeking steady income with upside in the thriving South Florida market.
Executive Summary
Fausto Commercial presents this extraordinary investment opportunity! Renovated 4-plex in Pompano Beach featuring four 2BR/1BA units, each renting for $1,750/month. Units include updated kitchens and baths, modern flooring, upgraded fixtures, and central A/C, offering turnkey appeal. Ideally located near beaches, downtown Pompano, major highways, and transit, with significant redevelopment and large-scale mixed-use projects driving growth and demand throughout Pompano Beach. Excellent opportunity for investors seeking stable income and long-term appreciation in a rapidly growing South Florida market! Don’t miss this opportunity!
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$131,696
|
$46.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$131,696
|
$46.23
|
| Taxes |
$19,639
|
$6.89
|
| Operating Expenses |
$15,837
|
$5.56
|
| Total Expenses |
$35,476
|
$12.45
|
| Net Operating Income |
$96,220
|
$33.77
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $131,696 |
| Annual Per SF | $46.23 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $131,696 |
| Annual Per SF | $46.23 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,639 |
| Annual Per SF | $6.89 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,837 |
| Annual Per SF | $5.56 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $35,476 |
| Annual Per SF | $12.45 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $96,220 |
| Annual Per SF | $33.77 |
Property Facts
| Price | $1,250,280 CAD | Property Type | Multifamily |
| Price Per Unit | $312,570 CAD | Building Size | 2,849 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7.47% | No. Stories | 1 |
| No. Units | 4 | Year Built | 1972 |
| Zoning | RM-20 | ||
| Price | $1,250,280 CAD |
| Price Per Unit | $312,570 CAD |
| Sale Type | Investment |
| Cap Rate | 7.47% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 2,849 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1972 |
| Zoning | RM-20 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Stainless Steel Appliances
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,431 CAD | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-42-01-03-1081 | Total Assessment | $897,242 CAD |
| Land Assessment | $58,977 CAD | Annual Taxes | $19,639 CAD ($6.89 CAD/SF) |
| Improvements Assessment | $838,265 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
49-42-01-03-1081
Land Assessment
$58,977 CAD
Improvements Assessment
$838,265 CAD
Total Assessment
$897,242 CAD
Annual Taxes
$19,639 CAD ($6.89 CAD/SF)
Tax Year
2026
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240 SE 9th Ave - Snug Harbor Fourplex
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