1211 NE 23rd Ave

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1211 NE 23rd Ave

Pompano Beach, FL 33062
Asking Price
$1.55M
Asset Type
Multifamily
Class
Class B

What's Special

1211 NE 23rd Ave is located in Pompano Beach, Florida, situated east of Federal Highway in a residential area characterized by a mix of single-family homes and mid-sized apartment buildings. The property provides proximity to local retail centers, grocery stores, and casual dining options along the Atlantic Boulevard corridor. Accessibility to the Atlantic Ocean is within three miles, while major transit routes, including US-1 and the Florida Turnpike, offer regional connectivity to neighboring Fort Lauderdale and Deerfield Beach. As a multifamily asset, this location is suitable for long-term rental or workforce housing. The site layout and proximity to local employment hubs make it functional for a tenant profile consisting of local professionals, small families, or commuters or seeking proximity to coastal amenities. The property serves as a stable residential option within an established neighborhood, catering to residents who prioritize convenient access to both daily services and key South Florida transportation arteries.

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NOI
$80,000
Cap Rate
5.16%
DSCR
0.87
Underwater
Cash-on-Cash
-2.57%
Monthly Payment
$7,663.607
Annual Cash Flow
$-11,963.282

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