normandy apartments - loopnet...1751 ne 31st st, pompano beach, fl 33064 30 units | multifamily...

1751 NE 31st St, Pompano Beach, FL 3306430 Units | Multifamily PropertyNORMANDY APARTMENTS

O F F E R I N G F L Y E R

Sale Price: $3,895,000

Price / Unit: $129,833

Price / SF: $233.23

Number of Units: 30

Pro Forma Cap Rate: 6.58%

Pro Forma NOI: $256,154

Year Built: 1964

Lot Size: 0.64 Acres

THE OFFERING INVESTMENT HIGHLIGHTS

• Strong cash flow day one with the ability to raise rents 30%

• The property boasts hurricane impact windows, on-site laundry and a pool with a tropical courtyard

• Additional amenities include large patios, lush landscaping and ample parking for tenants and guests

• Walking distance to major retailers, restaurants, and major transportation

• Direct access to N Federal Hwy, Sample Rd, A1A & I-95

• 2.4 miles from the world famous Pompano Beach

CONTACT USDAN DRATCH (LEAD) AJ STANFORD JOE RUBIN RYAN WOLD TRAVIS JONESSenior Associate Senior Associate Director Associate Associate954.312.1677 954.660.9813 954.660.9815 954.312.1678 954.312.1676dan.dratch@franklinst.com aj.stanford@franklinst.com joe.rubin@franklinst.com ryan.wold@franklinst.com travis.jones@franklinst.com

GREG MATUSSVP, Investment Sales 954.671.1821greg.matus@franklinst.com

DOWNTOWN FORT LAUDERDALEPOMPANO BEACH

POMPANO AIRPARK

N FEDERAL HWY: 47,500 AADT

SUBJECT SITE

DOWNTOWN FORT LAUDERDALE

LIGHTHOUSE POINTE

N FEDERAL HWY: 47,500 AADTSUBJECT SITE

DAN DRATCH (LEAD) AJ STANFORD JOE RUBIN RYAN WOLD TRAVIS JONESSenior Associate Senior Associate Director Associate Associate954.312.1677 954.660.9813 954.660.9815 954.312.1678 954.312.1676dan.dratch@franklinst.com aj.stanford@franklinst.com joe.rubin@franklinst.com ryan.wold@franklinst.com travis.jones@franklinst.com

GREG MATUSSVP, Investment Sales 954.671.1821greg.matus@franklinst.com

NORMANDY APARTMENTSCOLLABORATIVE REAL ESTATE SERVICESCONTACT A TEAM MEMBER FOR MORE INFORMATION