1211 NE 23rd Ave - Apartments FOR SALE


Pompano Beach, FL 33062- Outer Pompano Beach/Deerfield Beach
$1,675,000 USD
561-618-5088
1211 NE 23rd Ave, Pompano Beach, FL for Sale
$1,675,000 USD
Apartments - FOR SALE
1/12
null | 5.02% Cap Rate

1211 NE 23rd Ave
Pompano Beach, FL 33062
Outer Pompano Beach/Deerfield Beach


HIGHLIGHTS

  • Prime location on the east side of US-1, just minutes to the beach, FLL Airport and the pier
  • Turn-key, fully leased asset offering immediate and consistent cash flow. At full occupancy.
  • Two-story, concrete block, updated six-unit property
  • Featuring four 1BD/1BA units and two 2BD/1BA units, ideally located on a desirable cul-de-sac.

OVERVIEW

Strategically situated in the heart of Pompano Beach, offering convenient access to major transportation routes and business districts. The residential units are presently rented at rates below the current market value, presenting a substantial opportunity for significant rent increases. Over 25,886 people live within the zip code of the property with an average household income of $124,430. The rental market in Pompano Beach is thriving. The city experiences high demand for rental properties, resulting in consistently low vacancy rates.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

6

PRICE/UNIT

$279,167

CAP RATE

5.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,130 SF

ZONING

RM-20

APN/PARCEL ID

48-43-30-20-0130

ASK ABOUT THIS PROPERTY

Ceyda Huri HergulKeller Williams Eagle RealtyMore Info
561-618-5088

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Ceyda Huri HergulKeller Williams Eagle RealtyMore Info
561-618-5088

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