500 SE 23rd Avenue, Pompano Beach, FL 33062 — MLS photo

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500 SE 23rd Avenue, Pompano Beach, FL 33062

Active · MultiFamily

$1,325,000

500 SE 23rd Avenue, Pompano Beach, FL 33062

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1953
Lot size
11,413 sq ft
HOA fee
—
Annual tax
$20,162

About this property

Multifamily Redevelopment Opportunity – Pompano Beach.Prime 0.26-acre (11,326 SF) site just blocks from the Intracoastal and the revitalized Atlantic Blvd corridor. Existing 5-unit multi-family villa complex with courtyard and patio spaces offered as-is; ideal for redevelopment into 5 modern luxury townhomes, consistent with surrounding new construction. Located within Pompano’s East Transit-Oriented Corridor, enhancing redevelopment flexibility. Surrounded by significant luxury and mixed-use investment, marinas, beaches, and waterfront dining. Strong buyer demand with limited supply of new luxury townhomes creating a scarcity premium. Rare opportunity combining income hold with long-term redevelopment upside. Do not disturb tenants. Multifamily site just blocks from the Intracoastal and Atlantic Blvd existing 5-unit/3 building structure (built in 1953) being sold as-is development opportunity. Please contact agents for more information.

Property location

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500 SE 23rd Avenue, Pompano Beach, FL 33062

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Facts & features

Interior

Bathrooms
0
Cooling
Electric, Central Air
Heating
Central, Electric

Exterior & Structure

Property type
MultiFamily
Year built
1953
Stories
1
Lot size
11,413 sq ft
Construction
Block

Parking

Covered spaces
0
Parking features
Common

HOA, Community & Financials

Fee inclusions
Maintenance Grounds
Security
Security Lights
Annual tax
$20,162
County
Broward
Days on market
306
MLS listing ID
F10541569
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

-$2,175

Cap rate
3.7%
Net yield
3.7%
Cash-on-cash return
-7.0%
Gross yield
6.6%
Mortgage payment
$6,281/mo
Down payment
$331,250
Loan amount
$993,750
Annual NOI
$49,273

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.