2051 NE 25th Avenue, Pompano Beach, Florida 33062 USA

About this Property

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 \u0026 7 minutes from Old Town Pompano, an area experiencing significant redevelopment.Fully occupied, the property generates approximately $5,950/month, including utilities, \u0026 provides the seller with approximately $35,000 in annual net income after taxes, insurance \u0026 expenses. The two existing 1-bedroom/1-bath units feature in-unit washer/dryers, private patios \u0026 separate backyards. I personally placed 3 of the 4 tenants \u0026 can attest they have been excellent residents. Leases run through October \u0026 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 \u0026 major City infrastructure upgrades, including water mains, utilities \u0026 roadway restoration.The aerial highlights 2051 in red at the top right \u0026 the December $775,000 multifamily comparable with a blue pin at the bottom right. 2051 is nearly twice its size. The comparable lacked backyards \u0026 carports and had considerably lower ceilings.Comparable: 1801 NE 25th Avenue, Units 1–3, Pompano Beach, FL 33062

Disclaimer

MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of The Jarvis Group Inc.