SOLDMultiFamily
POM HAUS LLC Acquires 41-Unit Multifamily Property In Pompano Beach For $6.5M With InterAmerican Bank Financing
900 Southeast 1st Street & 902 Southeast 1st Street
$6,500,000
$188/SF
Building Size
34,436 SF
Asset Type
MultiFamily
Closing
Jul 1, 2026
AI
A 41-unit multifamily property located at 900-902 Southeast 1st Street in Pompano Beach, FL, was sold for $6.5 million. The property encompasses 1.01 acres and offers a total of 17,218 square feet, resulting in a price per unit of $158,537 and a price per square foot of $378.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,500,000
- Buyer: POM HAUS LLC
- Seller: Rental Asset Management
- Broker: Joseph Thomas - Marcus & Millichap
- Lender: InterAmerican Bank
- Units: 41
The transaction was facilitated by Joseph Thomas of Marcus & Millichap, representing the sale. Financing for the acquisition included a loan component of $4.225 million from InterAmerican Bank.
Players
Pompano Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93