Rare value add beachside multifamily opportunity just steps from the ocean in Pompano Beach. Legally a 4 unit property with four electric meters but currently configured as five income producing units. The original 3BR/2BA unit has been thoughtfully split into two 1BR/1BA units and can easily be restored to its original layout if desired. Includes an oversized studio that could convert to a true 1BR with the addition of a wall. Property is underperforming due to several long term tenants below market rents, offering significant upside. One seasonal unit already demonstrates strong income potential. Ideal for investors seeking rent growth, repositioning potential, or short term rental strategies such as Airbnb. Buyer to verify future use with the city.
Rare value add beachside multifamily opportunity just steps from the ocean in Pompano Beach. Legally a 4 unit property with four electric meters but currently configured as five income producing units. The original 3BR/2BA unit has been thoughtfully split into two 1BR/1BA units and can easily be restored to its original layout if desired. Includes an oversized studio that could convert to a true 1BR with the addition of a wall. Property is underperforming due to several long term tenants below market rents, offering significant upside. One seasonal unit already demonstrates strong income potential. Ideal for investors seeking rent growth, repositioning potential, or short term rental strategies such as Airbnb. Buyer to verify future use with the city.
Features
Building and Construction
Flooring: Tile
Roof: Composition
School Information
High School: Blanche Ely
Middle School: Pompano Beach
School Elementary: McNab
Eco-Communities
Water Source: Public
Utilities
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central, Window/Wall
Road Frontage Type: East of US-1
Sewer: Public Sewer
Utilities: Cable Available, Sewer Available, Water Available
Amenities
Association Amenities: Picnic Area
Finance and Tax Information
Tax Year: 2024
Rental Information
Tenant Pays: Electricity, None
Other Features
Legal Description: BLOUNT BROS POMPANO BEACH SUB 2-43 B LOT 12 BLK 10
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