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Snug Harbor Fourplex 240 SE 9th Ave 4 Unit Apartment Building $1,261,737 CAD ($315,434 CAD/Unit) 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 |
$132,903
|
$46.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,903
|
$46.65
|
| Taxes |
$19,819
|
$6.96
|
| Operating Expenses |
$15,982
|
$5.61
|
| Total Expenses |
$35,801
|
$12.57
|
| Net Operating Income |
$97,102
|
$34.08
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $132,903 |
| Annual Per SF | $46.65 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $132,903 |
| Annual Per SF | $46.65 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,819 |
| Annual Per SF | $6.96 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,982 |
| Annual Per SF | $5.61 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $35,801 |
| Annual Per SF | $12.57 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $97,102 |
| Annual Per SF | $34.08 |
Property Facts
| Price | $1,261,737 CAD | Property Subtype | Apartment |
| Price Per Unit | $315,434 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 2,849 SF |
| Cap Rate | 7.47% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1972 |
| Zoning | RM-20 - Residential Multi-Family | ||
| Price | $1,261,737 CAD |
| Price Per Unit | $315,434 CAD |
| Sale Type | Investment |
| Cap Rate | 7.47% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 2,849 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1972 |
| Zoning | RM-20 - Residential Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Stainless Steel Appliances
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,453 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 | $927,139 CAD |
| Land Assessment | $60,942 CAD | Annual Taxes | $19,819 CAD ($6.96 CAD/SF) |
| Improvements Assessment | $866,197 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
49-42-01-03-1081
Land Assessment
$60,942 CAD
Improvements Assessment
$866,197 CAD
Total Assessment
$927,139 CAD
Annual Taxes
$19,819 CAD ($6.96 CAD/SF)
Tax Year
2026
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Snug Harbor Fourplex | 240 SE 9th Ave
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