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1211 NE 23rd Ave 6 Unit Apartment Building $1,549,000 ($258,167/Unit) 5.43% Cap Rate Pompano Beach, FL 33062
Investment Highlights
- Prime location on the east side of US-1, just minutes to the beach, FLL Airport and the pier
- Two-story, concrete block, updated six-unit property
- Turn-key, fully leased asset offering immediate and consistent cash flow. At full occupancy.
- Featuring four 1BD/1BA units and two 2BD/1BA units, ideally located on a desirable cul-de-sac.
Executive Summary
***PRICE REDUCED*** Fantastic opportunity to own this income-producing 6-unit multifamily property in the heart of Broward County. This well-maintained building offers strong rental potential and consistent cash flow. Perfect for investors seeking long-term growth and solid returns. It features two 2BR/1BA and four 1BR/1BA units. Prime location within walking distance to major plazas, shopping, dining and transportation. Just a short 4-minute drive to the beach! Don't miss this rare opportunity to own a stabilized, updated investment property in one of Pompano Beach's most desirable high-demand areas.
Data Room Click Here to Access
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,549,000 | Building Class | C |
| Price Per Unit | $258,167 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,334 SF |
| Cap Rate | 5.43% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 1.85/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-20 - Residential Multi-family, medium -high density district | ||
| Price | $1,549,000 |
| Price Per Unit | $258,167 |
| Sale Type | Investment |
| Cap Rate | 5.43% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,334 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | RM-20 - Residential Multi-family, medium -high density district |
Amenities
Unit Amenities
- Microwave
- Storage Space
- Tile Floors
- Oven
- Tub/Shower
- Instant Hot Water
- Patio
- Large Bedrooms
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 48-43-30-20-0130 | Total Assessment | $1,091,590 |
| Land Assessment | $65,620 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,025,970 | Tax Year | 2026 |
Property Taxes
Parcel Number
48-43-30-20-0130
Land Assessment
$65,620
Improvements Assessment
$1,025,970
Total Assessment
$1,091,590
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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1211 NE 23rd Ave
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