1247 NE 23rd Ave, Pompano Beach, FL 33062 — MLS photo

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1247 NE 23rd Ave, Pompano Beach, FL 33062

Active · Quadruplex

$1,900,000

1247 NE 23rd Ave, Pompano Beach, FL 33062

Beds
—
Baths
0
Living area
1,364 sq ft
$ / sq ft
$1,393/sq ft
Year built
2007
Lot size
—
HOA fee
—
Annual tax
$8,347

About this property

Location! Excellent investment opportunity! This well-maintained 4-remodeled townhome, 3-bed, 2.1-bath, 1-car garage, fenced-backyard property offers solid returns. Built in 2007, the property features updated interiors and modern finishes that attract and retain quality tenants. The property is currently 100% occupied, providing immediate, stable cash flow from day one. Each unit offers comfortable living with newer-style construction rarely found in multifamily opportunities of this type. Strong rental demand, low maintenance, and consistent occupancy make this an ideal addition to any investor’s portfolio. Excellent opportunity for both seasoned and first-time multifamily investors seeking long-term appreciation and reliable income.

Property location

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1247 NE 23rd Ave, Pompano Beach, FL 33062

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Facts & features

Interior

Bathrooms
0
Living area
1,364 sq ft
Flooring
Tile, Vinyl
Cooling
Central Air, Ceiling Fans
Heating
Central

Exterior & Structure

Property type
Quadruplex
Year built
2007
Architectural style
Fourplex
Roof
Other
Construction
Block
Pool
None

Parking

Covered spaces
0

HOA, Community & Financials

Annual tax
$8,347
Subdivision
FLORENCE VILLAS
County
Broward
Days on market
113
MLS listing ID
A12021478
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

-$3,899

Cap rate
3.2%
Net yield
3.2%
Cash-on-cash return
-8.8%
Gross yield
4.9%
Mortgage payment
$9,007/mo
Down payment
$475,000
Loan amount
$1,425,000
Annual NOI
$61,297

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