1141 NE 23rd Ter - Apartments FOR SALE


Pompano Beach, FL 33062- Outer Pompano Beach/Deerfield Beach
$1,700,000 USD
561-940-1800
1141 NE 23rd Ter, Pompano Beach, FL for Sale
$1,700,000 USD
Apartments - FOR SALE
1/4
null | 6.47% Cap Rate

1141 NE 23rd Ter
Pompano Beach, FL 33062
Outer Pompano Beach/Deerfield Beach


HIGHLIGHTS

  • Six-Unit Boutique Multifamily Asset
  • Renovated Property with Strong Curb Appeal
  • Desirable East Pompano Beach Location with Access to Major Employment & Lifestyle Corridors

OVERVIEW

Pompano Flats | 1141 NE 23rd Terrace | Pompano Beach, Florida Pompano Flats is a six-unit multifamily property located in Pompano Beach, Florida, offering investors the opportunity to acquire a boutique rental asset within one of South Florida’s most active and supply-constrained housing markets. The property comprises six one-bedroom, one-bathroom residences and provides an efficient operating profile with a highly marketable unit configuration. The offering is positioned to benefit from sustained rental demand, continued population and employment growth across Broward County, and significant public and private investment occurring throughout Pompano Beach. Located east of I-95 with convenient connectivity to Federal Highway, the property provides access to Pompano Beach’s coastal amenities and employment centers throughout Fort Lauderdale and the broader South Florida corridor. The offering represents a differentiated opportunity to acquire a manageable multifamily asset in a high-barrier-to-entry South Florida market, providing durable in-place income with the potential for continued rental growth and long-term capital appreciation.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$541 USD /SF

# OF UNITS

6

PRICE/UNIT

$283,333

CAP RATE

6.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pompano Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

RM-20

APN/PARCEL ID

48-43-31-30-0070

ASK ABOUT THIS PROPERTY

Mark NeumanCorvin Capital, LLCMore Info
561-940-1800

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Mark NeumanCorvin Capital, LLCMore Info
561-940-1800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.