Listed by KW Commercial Boca Raton East, KW Commercial
$1,200,000
1231 NE 23rd Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,887
Year Built 1965
Buildings 1
Lot Size (SqFt) 7,866
Zoning RM-20 - MULTIPLE-FAMILY RESIDENCE
Prime Pompano Beach Fourplex
Marketing description
Exceptional multifamily investment opportunity in one of Pompano Beach's most desirable coastal submarkets. Located at 1231 NE 23rd Avenue, this income-producing fourplex offers immediate cash flow with three occupied units and one vacant unit, providing investors the flexibility to lease at current market rates or update the unit while generating rental income from the remaining residences.
Positioned just minutes from Pompano Beach's renowned shoreline, dining, shopping, entertainment, and major transportation corridors, the property benefits from strong tenant demand and long-term growth fundamentals. The vacant unit presents an attractive value-add opportunity to increase income and enhance overall returns.
Investment highlights
- Income-producing fourplex with three occupied units providing immediate cash flow and one vacant unit offering upside potential.
- •Prime Pompano Beach location just minutes from the beach, dining, shopping, entertainment, and major transportation corridors.
- Strong rental market supported by continued population growth, high housing demand, and limited coastal multifamily inventory.
Listing Contacts
Listed by KW Commercial Boca Raton East, KW Commercial
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