Interior
- Bathrooms
- 0
- Living area
- 2,887 sq ft
Active · Quadruplex
$1,100,000
1231 NE 23rd Ave, Pompano Beach, FL 33062
- Beds
- —
- Baths
- 0
- Living area
- 2,887 sq ft
- $ / sq ft
- $381/sq ft
- Year built
- 1966
- Lot size
- —
- HOA fee
- —
- Annual tax
- —
About this property
PRIME INVESTMENT ALERT: Outstanding opportunity to acquire a cash-flowing fourplex in red-hot Pompano Beach! This strategically located multi-family property at 1231 NE 23rd Ave delivers immediate returns with three stable tenants already in place, plus one vacant unit ready for value-add potential. Position yourself in one of South Florida's strongest rental markets, just minutes from pristine beaches, thriving retail, and major employment centers. Whether you're growing your portfolio or making your first multi-family investment, this turnkey fourplex offers the ideal blend of stable income and upside potential. Don't miss this rare chance to own a performing asset in one of Florida's most dynamic rental markets - call now before this opportunity disappears!
Property location
Get Directions1231 NE 23rd Ave, Pompano Beach, FL 33062
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Facts & features
Exterior & Structure
- Property type
- Quadruplex
- Year built
- 1966
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Broward
- MLS listing ID
- A11723353
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$198
- Cap rate
- 5.5%
- Net yield
- 5.5%
- Cash-on-cash return
- -0.8%
- Gross yield
- 9.0%
- Mortgage payment
- $5,215/mo
- Down payment
- $275,000
- Loan amount
- $825,000
- Annual NOI
- $60,198
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.