About this home
Multifamily Redevelopment Opportunity – Pompano Beach.Prime 0.26-acre (11,326 SF) site just blocks from the Intracoastal and the revitalized Atlantic Blvd corridor. Existing 5-unit multi-family villa complex with courtyard and patio spaces offered as-is; ideal for redevelopment into 5 modern luxury townhomes, consistent with surrounding new construction. Located within Pompano’s East Transit-Oriented Corridor, enhancing redevelopment flexibility. Surrounded by significant luxury and mixed-use investment, marinas, beaches, and waterfront dining. Strong buyer demand with limited supply of new luxury townhomes creating a scarcity premium. Rare opportunity combining income hold with long-term redevelopment upside. Do not disturb tenants. Multifamily site just blocks from the Intracoastal and Atlantic Blvd existing 5-unit/3 building structure (built in 1953) being sold as-is development opportunity. Please contact agents for more information.
Listing last checked: Listing updated:
Listed by Gary M Brown, Linda Barratt Cervantes PA · United Realty Group, Inc · MLS #F10541569
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Details at a glance
Interior2 property facts
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
Building4 property facts
- Style
- Multi Family
- Year built
- 1953
- Parking
- 10
- Roof
- Rolled/Hot Mop
Land & utilities4 property facts
- Lot size
- 0.26 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- RM-20
Financial2 property facts
- Annual taxes
- $20,162
- Assessment year
- 2024
Location
Estimated monthly cost
Explore costs at the $1,325,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$8,380 / monthAdjust
- Principal & interest
- $6,700
- Property tax
- $1,680
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $20,162. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 500 SE 23rd Avenue
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