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741 Hibiscus Ave 17 Unit Apartment Building $5,980,524 CAD ($351,796 CAD/Unit) 6.33% Cap Rate Pompano Beach, FL 33062
INVESTMENT HIGHLIGHTS
- Hotel License on it
- Across street from beach.
EXECUTIVE SUMMARY
17-Unit Income Property – Steps from the Sand
This rare 17-unit multifamily opportunity (16 legal units) is just a short walk from the beach and the
vibrant Atlantic Blvd/A1A corridor. Spread across three gated buildings on over 25,000 sq ft of land, this
turnkey asset is perfectly positioned for strong cash flow and long-term value.
Key Highlights:
- Renovated Interiors with major upgrades to plumbing and electrical
- New Roofs, Impact Windows, and Hurricane-Rated Doors
- Transient Rental License in place + Hotel License Approved (pending driveway paving – in permitting)
- High Demand for both short- and long-term rentals in this vacation corridor
- Flexible leasing: month-to-month tenants, STR-ready, or convert to annual leases
- Amenities include a pool, gated access, and ample parking
- Value-add opportunity via expense optimization (utilities & insurance)
- Ideal for: investors, 1031 exchanges, or operators seeking coastal STR potential
This is a flexible, cash-flowing asset in a rapidly appreciating neighborhood with multiple exit
strategies—short-term rental, boutique hotel, or traditional multifamily.
This rare 17-unit multifamily opportunity (16 legal units) is just a short walk from the beach and the
vibrant Atlantic Blvd/A1A corridor. Spread across three gated buildings on over 25,000 sq ft of land, this
turnkey asset is perfectly positioned for strong cash flow and long-term value.
Key Highlights:
- Renovated Interiors with major upgrades to plumbing and electrical
- New Roofs, Impact Windows, and Hurricane-Rated Doors
- Transient Rental License in place + Hotel License Approved (pending driveway paving – in permitting)
- High Demand for both short- and long-term rentals in this vacation corridor
- Flexible leasing: month-to-month tenants, STR-ready, or convert to annual leases
- Amenities include a pool, gated access, and ample parking
- Value-add opportunity via expense optimization (utilities & insurance)
- Ideal for: investors, 1031 exchanges, or operators seeking coastal STR potential
This is a flexible, cash-flowing asset in a rapidly appreciating neighborhood with multiple exit
strategies—short-term rental, boutique hotel, or traditional multifamily.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$694,388
|
$86.92
|
| Other Income |
$1,359
|
$0.17
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$695,747
|
$87.09
|
| Taxes |
$76,018
|
$9.52
|
| Operating Expenses |
$241,082
|
$30.18
|
| Total Expenses |
$317,100
|
$39.69
|
| Net Operating Income |
$378,647
|
$47.40
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $694,388 |
| Annual Per SF | $86.92 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,359 |
| Annual Per SF | $0.17 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $695,747 |
| Annual Per SF | $87.09 |
| Taxes (CAD) | |
|---|---|
| Annual | $76,018 |
| Annual Per SF | $9.52 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $241,082 |
| Annual Per SF | $30.18 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $317,100 |
| Annual Per SF | $39.69 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $378,647 |
| Annual Per SF | $47.40 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
- Kitchen
- Refrigerator
- Tub/Shower
- Deck
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Pool
- Furnished Units Available
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | - | - |
| 1+1 | 6 | - | - |
| 2+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 49-43-06-12-0060 | Total Assessment | $4,068,075 CAD (2026) |
| Land Assessment | $686,156 CAD (2026) | Annual Taxes | $76,018 CAD ($9.52 CAD/SF) |
| Improvements Assessment | $3,381,918 CAD (2026) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
49-43-06-12-0060
Land Assessment
$686,156 CAD (2026)
Improvements Assessment
$3,381,918 CAD (2026)
Total Assessment
$4,068,075 CAD (2026)
Annual Taxes
$76,018 CAD ($9.52 CAD/SF)
Tax Year
2025
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741 Hibiscus Ave
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