THIS IS THE ONLY PROPERTY EAST OF FEDERAL HWY FOR UNDER A MILLION DOLLARS. Multifamily Investor Opportunity East of Federal Hwy - BACK ON THE MARKET! Located 5 minutes from the beach & 7 minutes from Old Town Pompano, an area experiencing significant redevelopment. Potential Seller Financing.
Fully occupied, the property generates approximately 5,950/month, including utilities, & provides the seller with approximately 35,000 in annual net income after taxes, insurance & expenses. The two existing 1-bedroom/1-bath units feature in-unit washer/dryers, private patios & separate backyards. I personally placed 3 of the 4 tenants & can attest they have been excellent residents. Leases run through October & November, with one unit month-to-month, offering flexibility for a buyers plans. All tenants would like to remain.
Value-add potential includes enclosing the existing carports to possibly create four true 1-bedroom/1-bath units or two larger 3-bedroom/2-bath residences, subject to required approvals.
Recent improvements include a new roof completed in early 2026, PVC plumbing beneath the building & major City infrastructure upgrades, including water mains, utilities & roadway restoration.
Comparable sold in December 2025 for 775,000 corner of the street just a few doors down. The comparable was approx 600SF smaller than this property, it lacked backyards & carports, and has considerably lower ceilings.
Comparable: 1801 NE 25th Avenue, Units 1-3, Pompano Beach, FL 33062
