BREEZY PALMS APARTMENTS

The Thomas Team of Marcus & Millichap is pleased to present Breezy Palms Apartments, a (30)-unit apartment community located in Pompano Beach, Florida.

SUBJECT PROPERTY

Breezy Palms Apartments was constructed in 1964 and comprises (one) two-story concrete block building with a painted stucco exterior and shingle roof. The property offers 16,817 square feet of total building area and sits on a 27,750-square-foot lot (0.64 acres), according to the Broward County Property Appraiser. The unit mix includes (4) studio units averaging 500 square feet, (22) one-bedroom/one-bathroom units averaging 550 square feet, and (4) two-bedroom/one-bathroom units averaging 675 square feet. The property features on-site and in unit laundry facilities, wall air conditioning units, and paved asphalt parking. The property is zoned B-3.

The property includes a mix of unit renovations, providing investors with immediate in-place income and potential upside through continued interior upgrades.

LOCATION

Breezy Palms Apartments is located in Pompano Beach, Florida, offering residents convenient access to Federal Highway (US-1), Sample Road, and State Road A1A. The surrounding 1-mile area reports an average household income of $99,718 and population growth of 11.89% since 2010. Residents are within walking distance to McDonald’s, Dairy Queen, Bank of America, Shopper’s Haven Shopping Center, Wells Fargo, CVS, and Publix, with a short drive to Whole Foods Market, HomeGoods, Pompano Citi Centre, and nearby coastal amenities.

Surrounding area retailers and points of interest include Bank of America (0.2 miles), Harbor Freight (0.3 miles), Shoppers Haven Shopping Center (0.4 miles), Wawa (0.5 miles), CVS (0.5 miles), Publix Super Market at Venetian Isle Shopping Center (0.6 miles), TD Bank (0.6 miles), PNC Bank (0.6 miles), Publix Super Market at Shoppes at Beacon Light (0.6 miles), Whole Foods Market (0.7 miles), Chipotle (0.7 miles) and Pompano Citi Centre (0.9 miles). Additionally just a short drive from the property are LA Fitness (1.9 miles), Pompano Beach Airpark (1.9 miles), and the Hillsboro Inlet (3.6 miles).

Nearby educational facilities include Cresthaven Elementary School (1.4 miles), Crystal Lake Middle School (1.8 miles), and Deerfield Beach High School (3.6 miles).

SUMMARY

Breezy Palms Apartments is being offered for sale at $6,000,000 or $200,000 per unit.