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Pompano Flats 1141 NE 23rd Ter 6 Unit Apartment Building $1,700,000 ($283,333/Unit) 6.47% Cap Rate Pompano Beach, FL 33062
Investment Highlights
- Six-Unit Boutique Multifamily Asset
- Desirable East Pompano Beach Location with Access to Major Employment & Lifestyle Corridors
- Renovated Property with Strong Curb Appeal
Executive Summary
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.
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.
Property Facts
| Price | $1,700,000 | Building Class | C |
| Price Per Unit | $283,333 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,500 SF |
| Cap Rate | 6.47% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.71/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-20 - Multi-family residence | ||
| Price | $1,700,000 |
| Price Per Unit | $283,333 |
| Sale Type | Investment |
| Cap Rate | 6.47% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,500 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1963/2025 |
| Parking Ratio | 1.71/1,000 SF |
| Zoning | RM-20 - Multi-family residence |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 745 - 785 |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 48-43-31-30-0070 | Improvements Assessment | $898,760 |
| Land Assessment | $67,500 | Total Assessment | $966,260 |
Property Taxes
Parcel Number
48-43-31-30-0070
Land Assessment
$67,500
Improvements Assessment
$898,760
Total Assessment
$966,260
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