$799,000
Multifamily Investor Opportunity East of Federal Hwy - BACK ON THE MARKET! Seller financing may be considered with the right terms. Located 5 minutes from the beach & 7 minutes from Old Town Pompano, an area experiencing significant redevelopment.
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 buyer’s 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.
The aerial highlights 2051 in red at the top right & the December $775,000 multifamily comparable with a blue pin at the bottom right. 2051 is nearly twice its size. The comparable lacked backyards & carports and had considerably lower ceilings.
Comparable: 1801 NE 25th Avenue, Units 1–3, Pompano Beach, FL 33062
A12002958
MLS
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33062
Zip Code
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Connor Estates BLDG.
2051 Ne 25th Ave, Pompano Beach