2255 SE 5th ST, Pompano Beach, FL 33062
2255 SE 5th ST, Pompano Beach, FL 33062
2255 SE 5th ST, Pompano Beach, FL 33062
2255 SE 5th ST, Pompano Beach, FL 33062
2255 SE 5th ST, Pompano Beach, FL 33062
2255 SE 5th ST, Pompano Beach, FL 33062
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Joe Desane

Joe Desane

+1(561) 827-3659
$ 1,995,000
Est. payment | /mo

5,880 SqFt

Save Virtual Tour
$ 1,995,000
Est. payment | /mo
Save Virtual Tour

5,880 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,880 sqft

Price per Sqft $339

MLS Listing ID A12032538

HOA Y/N No

Year Built 1970

Annual Tax Amount $36,765

Tax Year 2025

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type Multi Family

Property Description

Fausto Commercial is pleased to present 2255 SE 5th Street, a 10-unit multifamily investment opportunity in the highly desirable Southeast Pompano Beach submarket. Located east of Federal Highway and minutes from the beach, Pompano Beach Pier, dining, entertainment, and retail destinations, the property benefits from strong rental demand and excellent accessibility. The property consists of 10 renovated one-bedroom, one-bathroom units within a well-maintained concrete building totaling approximately 5,880 SF. Units feature updated interiors and central air conditioning, and residents have access to an on-site coin laundry facility. The asset currently generates $209,880 in gross annual income and is offered at a 7.29% cap rate, providing strong in-place cash flow. The property offers additional upside potential through continued rental rate optimization. Market-rate rents are projected to increase gross annual income to more than $224,000, resulting in an estimated 8.0% cap rate. Supported by more than $2 billion in ongoing redevelopment throughout Pompano Beach, the property is well-positioned to benefit from continued growth, rising rental demand, and long-term appreciation. This is an exceptional opportunity to acquire a renovated, income-producing asset in one of South Florida's most desirable coastal markets.

Location

State FL

County Broward

Area 3233

Zoning RM-20

Interior

Interior Features InteriorFeatures

Heating Central, Electric, Individual

Cooling Central Air

Flooring Other, Tile

Fireplace No

Exterior

Parking Features Assigned, Other

Roof Type Other

Total Parking Spaces 11

Building

Structure Type Block,Other

Others

Tax ID 494306070060

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12032538

BeachesMLS, Inc. (FLR) IDX
Listed by Arun Mohan Fausto Commercial Realty Consultants Inc

NEARBY SCHOOLS & PROPERTIES

Joe Desane

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(561) 827-3659

joe@stayfl.co

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2255 SE 5th ST