Home/Search/940 NW 8th Ave, Pompano Beach FL 33060
940 NW 8th Ave, Pompano Beach FL 330601 / 51
For Sale
Income/MultiFamily

$2,749,000

940 NW 8th Ave, Pompano Beach FL 33060

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About This Property

Fully renovated, 100%-occupied 10-unit multifamily in the heart of Pompano Beach, Broward County. Every unit is a spacious 2BR/1BA home delivered in essentially new condition after a comprehensive 2024-2025 gut renovation, with approximately $500,000 invested across all units and the exterior. Truly turnkey and move-in ready: new white-cabinet kitchens with quartz counters and stainless appliances, marble-look tiled baths, luxury vinyl plank flooring, individual mini-split HVAC, and in-unit laundry connections in every unit. Permitted upgrades to electrical, plumbing, and impact windows and doors mean no deferred maintenance and materially reduced near-term capital risk for a buyer. Freshly stuccoed and painted exterior with striped tenant and guest parking. Offered at $2,749,000 ($317/SF, below the Pompano Beach market average), reflecting a 6.87% pro forma cap rate. Ideally positioned along the Gold Coast between Fort Lauderdale and Boca Raton, with quick access to I-95, Florida's Turnpike, and US-1/Federal Highway. Atlantic beaches, Broward College North Campus, and downtown Pompano's CRA redevelopment district are all a short drive away.

Property Details

MLS #:A12064356
Price:$2,749,000
Status:For Sale
Days on Market:2
Date Listed:Aug 3, 2026
Building Area:8377 sqft
Lot Size:14148 sqft
Year Built:1973
Property Type:Commercial Sale
Property Sub Type:Income/MultiFamily

Heating:Central Individual A/C
Cooling:Central Individual A/C
Flooring:Vinyl
Window Features:Clear Impact Glass
Virtual Tour:Available

Construction Materials:Concrete Block Construction, CBS Construction
Structure Type:Other Building Type
Roof:Shingle
Lot Features:City Location, Near Airport
Lot Size:14148 sqft
Sewer:Public Sanitation
Water Source:Public

Parking Features:Assigned, Guest
Total Parking:12

Zoning:RM-20

Annual Tax Amount:$28,693
Tax Year:2025
Listing Terms:All Cash, Conventional/Refinance
Special Conditions:Sale
Parcel Number:484235000440
Legal Description:35-48-42 E 141.65 OF E1/2 OF SW1/4 OF SW1/4 OF NW1/4 LESS N 25 & LESS S 541

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Estimated Monthly Payment

$18,582/mo

Principal & Interest$13,900
Property Tax$2,391
Insurance$2,291
Loan Amount$2,199,200
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Listing courtesy of Canvas Real Estate. Data last updated August 5, 2026 at 09:05 PM.