1247 NE 23rd Avenue, Pompano Beach, FL 33062

Overview

Description

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.

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 1680
Living Area Main: 1364
Adjusted Area Main: 1343
Year Built: 2007
Parking Total: 12
Stories Total: 2
Pool Private YN: No

Property Features

Documents Available: Financial Statement Electric: Circuit Breakers Flooring: Tile; Vinyl Structure Type: Multi Family Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air Heating: Central; Separate Meters Listing Terms: Cash; Conventional Possession: Close Of Escrow Roof: Other Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Showing Requirements: Call Listing Agent Unit 1 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Automatic Garage Door Opener Unit 1 Rooms: Florida Room; Kitchen

Contract Information

Comp Sale YN: No
Original List Price: 1900000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 1247
Street Direction Prefix: NE
Street Name: 23rd
Street Suffix: Avenue
City Name: Pompano Beach
State Or Province: FL
Postal Code: 33062
Postal Code +4: 3716
Postal Zip: 33062
Subdivision Name: FLORENCE VILLAS
Area: 3232
Geographic Area: NUS1 - North Broward Intracoastal To Us1 (3211-3234)
Elementary School: Pompano Beach
Middle Or Junior School: Pompano Beach
High School: Blanche Ely
Parcel Number: 484330200184
Subdivision Number: 20
Zoning: RM-20
Flood Zone: X

Financial Information

Tax Annual Amount: 8347
Tax Year: 2025
Tax Legal Description: FLORENCE VILLAS 42-8 B A POR OF LOT 10 DESC AS COMM SE COR OF SAID LOT,W 67.41,N 69.33 TO POB,CONT N 19.67,E 34.00,S 6.83,E 8.41,S 12.84,W 4

Status Change Information

Major Change Timestamp: 2026-05-18T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-05-18

More Information

Meter Information

Separate Electric Meters YN: Yes

Income and Expenses

Gross Income: 11800

Unit 1 Details

Actual Rent: 3200
Baths Full: 2
Baths Half: Yes
Efficiency YN: No

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 1 Parking Details

Garage YN: Yes

Unit 2 Details

Actual Rent: 3000
Baths Full: 2
Baths Half: Yes
Efficiency YN: No

Unit 2 Lease Description

Currently Leased YN: Yes

Unit 2 Parking Details

Garage YN: Yes

Unit 3 Details

Actual Rent: 2850
Baths Full: 2
Baths Half: Yes
Efficiency YN: No

Unit 3 Lease Description

Currently Leased YN: Yes

Unit 3 Parking Details

Garage YN: Yes

Unit 4 Details

Actual Rent: 2750
Baths Full: 2
Baths Half: Yes
Efficiency YN: No

Unit 4 Lease Description

Currently Leased YN: Yes

Unit 4 Parking Details

Garage YN: Yes

Price Calculations

Current Price To SqFt: 1392.96

Section Details

Parcel Number MLX: 0184

Originating Details

Originating System Key: 481357966
Originating System ID: M00000151