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For Sale Available Listing #83095

237,375 SF Apartment For Sale — $1,899,000 — 231 SW 15th St, Pompano Beach – #83095

231 SW 15th St · Price Per Unit · Pompano Beach, FL 33060
237,375 SFAvailable space
ApartmentProperty type
579Parking spaces
1959Year built
Quick Unit Specs
For Sale
$1,899,000 Asking Price
$8.00 Price / SF
6.43% Cap Rate
— NOI
192 / 278 days Days on market / avg to sell
The Space
237,375 SF Sq Ft
Apartment Type
Price Per Unit Suite
— Condition
Available Status
For Sale Listing Type
Now Available
— Op. Expenses
— Clear Height
— Drive-In Bays
— Dock-High Bays
— Yard
— Office SF
— Restrooms
— Power
— HVAC
579 spaces Estimated Parking
2.44 Parking Ratio
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Floor Plan
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Building Description
Executive Summary
Cypress Gardens is a well-maintained, fully occupied multifamily asset, located immediately west of the intersection
between South Cypress Road and West McNab Rd in Pompano Beach, FL.
With a desirable location, attractive interior finishes, and substantial resident amenities, Cypress Gardens is a
fundamentally strong investment opportunity in one of the nation’s highest demand and most downturn-resistant rental
markets.
Featuring full concrete block construction, a recent roof, and attractive resident amenities, it offers a durable and low
maintenance structure, with easily maintained grounds and parking.
Cypress Gardens also presents an excellent resident value proposition. Each unit enjoys a comfortably sized,
private/fenced back yard area, assigned parking spaces, and 24/7 access to a community pool and common laundry
room.
Approved Uses by Zoning — RM-20 COUNTY — Broward County zoning retained on annexed land (RM-20 County - MEDIUM DENSITY MULTIFAMILY)

Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.

Allowed by right
One-family detached dwelling, Two-family dwelling, Assisted living facility, Townhouse or villa, Multi-family dwelling (3 or more dwelling units), Community residential home with adult day care as accessory use, Community residential one-family dwelling, Hotel, motel, or timeshare apartments, Nonprofit neighborhood social and recreational facilities, Golf course, Places of worship, Family day care home, Home-based business (Sec. 39-237), Child care facility, Temporary sales offices, Essential services, Bed and breakfast, Wireless communication facilities (Sec. 39-102)
With special approval
Yard sales (conditional), Off-site parking lots (conditional, Sec. 39-240), Outdoor event (conditional, Sec. 39-238)
Read the full RM-20 County - MEDIUM DENSITY MULTIFAMILY zoning guide ›
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Asking Price
$1,899,000
Listing Courtesy of The Goldstein Group (MRG Associates, LLC)
Martin Goldstein
Martin Goldstein
The Goldstein Group (MRG Associates, LLC)
Inquire about this property
Key highlights
  • Fully occupied!
  • Minutes to the Atlantic Coast and Fort Lauderdale Beach
  • Attractive Location For Residents and Owners Alike
  • Full concrete block construction with gabled Roof
  • Excellent Curb Appeal and General Layout
  • Excellent Proximity to Employment Centers
Appraiser Data
Parcel Control No.494202142490
Source: Miami-Dade County Appraiser Records
Proximity
✈ Airports
Palm Beach Intl (PBI) 32.7 mi
Ft. Lauderdale (FLL) 13.9 mi 22 min drive
Miami Intl (MIA) 30.4 mi
⚓ Seaports
Port of Palm Beach 39.0 mi
Port Everglades 8.1 mi
PortMiami 30.1 mi
Building Specifications
CityPompano Beach, FL
ZIP Code33060
Year Built1959
Total Building SF4,909 SF
Total Available237,375 SF
Lot Size0.34 AC
ConstructionConcrete block construction
Parking Ratio2.44/1,000 SF
Amenities24 Hour Access; Air Conditioning; Controlled Access; Laundry Facilities; Pool; Washer/Dryer; Kitchen; Tub/Shower; Smoke Free; Walk-Up
Walk Score60/100