971 SE 22nd Ave - Apartments FOR SALE


Pompano Beach, FL 33062- Outer Pompano Beach/Deerfield Beach | 
$1,400,000 USD
954-312-1678
971 SE 22nd Ave, Pompano Beach, FL for Sale
$1,400,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate


HIGHLIGHTS

  • Well-Maintained, Value-Add Opportunity In Supreme Pompano Beach Location
  • First Time Property Has Been Available On Market In Over 36 Years
  • Long-Term Tenants With All Of Them Month-To-Month
  • Opportunity To Significantly Increase Rents By 36.42%
  • Recent Capital Expenditures Include New Washer/Dryer & New Water Heater In Laundry Room And New Lush Landscaping
  • Located Just East Of N Federal Hwy Within Walking Distance To Numerous Retailers, Restaurants, Healthcare Facilities, Offices, Etc.

OVERVIEW

971 SE 22nd Ave presents an opportunity to acquire an 8-unit multifamily asset totaling 3,186 square feet. Constructed in 1957, the property offers investors a well-established residential building with a unit count that supports operational efficiency while maintaining a manageable scale. The RM-20 zoning designation provides a valuable foundation for continued multifamily use, making the asset well-positioned for both traditional rental operations and strategic value-enhancement initiatives. The property's compact garden-style configuration creates an attractive investment profile for owners seeking stable cash flow from a diversified rent roll. With eight separate units housed within a single building, investors benefit from economies of scale while retaining the flexibility typically associated with smaller multifamily properties. The building's established construction and functional layout offer a platform for future upgrades that may support rental growth and increased asset value over time. In addition to conventional multifamily operations, the property's size and unit mix may present opportunities for investors exploring short-term rental strategies, subject to applicable regulations and operational considerations. The combination of eight units, RM 20 zoning, and a proven multifamily format creates multiple pathways for income generation, positioning the asset as a versatile investment opportunity for buyers seeking both current revenue potential and long-term upside.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

8

PRICE/UNIT

$175,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wilson Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,814 SF

ZONING

RM-20

APN/PARCEL ID

49-43-06-14-1780

ASK ABOUT THIS PROPERTY

Ryan WoldFranklin StreetMore Info
954-312-1678

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Ryan WoldFranklin StreetMore Info
954-312-1678

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