For Sale

1.830 NW 17th Ter, 2.831 NW 17th Ter, 3.841 NW 17th Ter, 4.840 NW 18th Ave, 5.1200 NW 2nd Ave, 33060 6.612 NW 7th Ter, 33060

Pompano Beach, FL 33069

$2,950,000

Highlights

  • 10,522 SF building on a 33,170 SF (0.76 acres) lot
  • Built in 1968
  • Asking $280/SF

Property facts

Price
$2,950,000
Price per SF
$280/SF
Property type
Multi-family
Building size
10,522 SF
Lot size
33,170 SF (0.76 acres)
Year built
1968

About this property

Fausto Commercial is pleased to present this 18-unit multifamily portfolio strategically located throughout Pompano Beach, offering investors a rare value-add opportunity to acquire a collection of well-positioned rental assets in one of South Florida’s fastest-growing rental markets. The portfolio consists of six properties totaling 18 units with a diversified mix of one-bedroom, two-bedroom, and three-bedroom layouts designed to serve the area’s strong workforce and affordable housing demand. The portfolio includes: • 830 NW 17th Terrace – 3 units (all 1BR/1BA) • 831 NW 17th Terrace – 4 units (all 1BR/1BA) • 841 NW 17th Terrace – 2 units (all 1BR/1BA) • 840 NW 18th Avenue – 2 units (all 2BR/1BA) • 1200 NW 2nd Avenue – 4 units (one 3BR/1BA, two 2BR/1BA, and one 2BR/2BA) • 612 NW 7th Terrace – 3 units (two 2BR/1BA and one 1BR/1BA) Collectively, the portfolio features 18 residential units comprised of ten 1BR/1BA units, seven 2-bedroom units, and one 3BR/1BA unit. The properties benefit from proximity to major transportation corridors, employment centers, retail amenities, and the ongoing redevelopment activity throughout Pompano Beach and greater Broward County. This offering provides investors with immediate in-place cash flow and significant upside potential through a value-add strategy focused on increasing rents to market rates. Current ownership has maintained stable occupancy while leaving room for future ownership to implement strategic interior upgrades, operational

From the listing broker.

Location

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