$1,250,000
Pompano Beach, FL 33062
MLS# R11121635
Status: Active Under Contract
2304 sqft
1 / 26
Property Description
Rare value-add beachside multifamily opportunity just steps from the ocean in Pompano Beach. Legally a 4-unit property with four electric meters but currently configured as five income-producing units. The original 3BR/2BA unit has been thoughtfully split into two 1BR/1BA units and can easily be restored to its original layout if desired. Includes an oversized studio that could convert to a true 1BR with the addition of a wall. Property is underperforming due to several long-term tenants below market rents, offering significant upside. One seasonal unit already demonstrates strong income potential. Ideal for investors seeking rent growth, repositioning potential, or short-term rental strategies such as Airbnb. Buyer to verify future use with the city.
Details
Documents
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Listing Date: 2025-09-05
Status: Active Under Contract
Original List Price: 1350000
List Price: $1,250,000
Current Price: $1,250,000
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Pompano Beach
Municipality Type: Incorporated
Postal Zip: 33062
Geographic Area: NBEA - North Broward Ocean To Intracoastal (3111-3121)
Special Assessment YN: No
Country: United States
Street Number: 3308
Street Direction Prefix: SE
Street Name: 3rd
Street Suffix: Street
State Or Province: FL
Postal Code: 33062
Subdivision Name: Blount Bros Pompano Beach
Area: 3121
Elementary School: McNab
Middle Or Junior School: Pompano Beach
High School: Blanche Ely
Parcel Number: 494306060970
Zoning: 2-9 Units
Directions: Take Atlantic Blvd east to A1A, go south 3 blocks to SE 3rd st, go right and building is on the left.
General Property Information
Number Of Units Total: 4
Living Area Main: 2304
Living Area Source: Public Records
Lot Size Dimensions: 105 x 50
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 5
Lot Size Area: 5255
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 1
Stories: 1
Pool Private YN: No
Spa YN: No
Property Sub Type: Quadruplex
Building Area Main: 2304
Building Area Source: Public Records
Year Built: 1951
Lot Size Acres: 0.12
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Tax Annual Amount: 14886
Tax Year: 2024
Tax Legal Description: BLOUNT BROS POMPANO BEACH SUB 2-43 B LOT 12 BLK 10
Office/Member Information
DXORIGMLSID: RML
Exterior Features
Awning(s): 1
Flooring
Carpet: 1
Tile: 1
Property Condition
Resale: 1
Special Information
Sold As-Is: 1
Documents Available
None: 1
Fencing
Fenced: 1
Partial: 1
Wood: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Meters Total: 5
Number Of Separate Electric Meters: 4
Structure Type
Quadruplex: 1
Tenant Pays
Electricity: 1
None: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Sewer Available: 1
Water Available: 1
View
Garden: 1
Heating
Central: 1
Window/Wall: 1
Sprinkler Description
Auto Sprinkler: 1
Water Access
None: 1
Window Features
Blinds: 1
Construction Materials
CBS: 1
Stucco: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Interior Lot: 1
Road Frontage Type
East of US-1: 1
Road Surface Type
Asphalt: 1
Roof
Composition: 1
Shingle: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 37341
Gross Income: 90620
Net Operating Income: 53279
Source Of Expenses
Owner Provided: 1
Cooling
Central Air: 1
Electric: 1
Wall/Window Unit(s): 1
Showing Requirements
24 Hour Notice: 1
Schedule Online: 1
Main Living Area
Entry Level: 1
Pets Allowed YN
Yes: 1
Pets Allowed
Pet Restrictions Possible: 1
Pet Details
Pet Fee YN: Yes
Pet Fee: 250
Restrictions
No Restrictions: 1
Storm Protection Details
None: 1
Tax Information
No Homestead: 1
Showing Details
Pet(s) on Premises: No
Showing Contact Phone: 954-895-0740
Showing Instructions: Call Listing Agent to set appointment - Do Not Walk Property - Tenenat Occupied
Outdoor Living Spaces
Patio: 1
Patio Details
Patio - Open: 1
Unit 1 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 3000
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 450
Unit 1 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-04-30
Occupant Type: Tenant
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Details
Carport YN: No
Garage YN: No
Unit 1 Parking Features
Open Parking: 1
Unit 1 Patio/Porch
Patio/Porch: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1600
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 450
Unit 2 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-08-31
Occupant Type: Tenant
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Details
Carport YN: No
Garage YN: No
Unit 2 Parking Features
Open Parking: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Unit 3 Details
Actual Rent: 3060
Baths Full: 2
Beds Total: 3
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 1044
Unit 3 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-07-31
Occupant Type: Tenant
Unit 3 Other Equipment
Air Conditioning Unit: 1
Unit 3 Parking Details
Carport YN: No
Garage YN: No
Unit 3 Parking Features
Open Parking: 1
Unit 3 Patio/Porch
Patio/Porch: 1
Unit 4 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Unit 4 Details
Actual Rent: 975
Baths Full: 1
Beds Total: 1
Efficiency YN: Yes
Furnished: Partially
Hotel Room YN: No
SqFt: 360
Unit 4 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-05-15
Occupant Type: Tenant
Unit 4 Other Equipment
Air Conditioning Unit: 1
Unit 4 Parking Details
Carport YN: No
Garage YN: No
Unit 4 Parking Features
Open Parking: 1
Unit 4 Patio/Porch
Patio/Porch: 1
Unit 4 Rooms
Kitchen: 1
Price Calculations
Current Price To SqFt: 542.53
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-04-11T01:48:28Z
Major Change Type: Status Change
Price Change Timestamp: 2026-01-14T03:04:35Z
Status Change Date: 2026-04-10
Under Contract Type: Active Under Contract
Under Contract Date: 2026-04-02
Originating Details
Originating System Key: 20250905191521140314000000
Originating System ID: M00000170
Property Features
Documents Available: None
Exterior Features: Awning(s)
Fencing: Fenced; Partial; Wood
Flooring: Carpet; Tile
Property Condition: Resale
Structure Type: Quadruplex
Tenant Pays: Electricity; None
Source Of Expenses: Owner Provided
Construction Materials: CBS; Stucco
Cooling: Central Air; Electric; Wall/Window Unit(s)
Heating: Central; Window/Wall
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Interior Lot
Main Living Area: Entry Level
Pets Allowed YN: Yes
Pets Allowed: Pet Restrictions Possible
Possession: Negotiable
Restrictions: No Restrictions
Road Frontage Type: East of US-1
Road Surface Type: Asphalt
Roof: Composition; Shingle
Sewer: Public Sewer
Special Information: Sold As-Is
Sprinkler Description: Auto Sprinkler
Storm Protection Details: None
Tax Information: No Homestead
Utilities: Cable Available; Sewer Available; Water Available
View: Garden
Water Access: None
Water Source: Public
Window Features: Blinds
Showing Requirements: 24 Hour Notice; Schedule Online
Outdoor Living Spaces: Patio
Patio Details: Patio - Open
Unit 1 Appliances: Dishwasher; Microwave; Range; Refrigerator
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Open Parking
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Dishwasher; Microwave; Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Open Parking
Unit 2 Rooms: Kitchen
Unit 3 Appliances: Dishwasher; Microwave; Range; Refrigerator
Unit 3 Other Equipment: Air Conditioning Unit
Unit 3 Parking Features: Open Parking
Unit 4 Appliances: Dishwasher; Microwave; Range
Unit 4 Other Equipment: Air Conditioning Unit
Unit 4 Parking Features: Open Parking
Unit 4 Rooms: Kitchen
Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
AirBnB - Pro Forma 
Listing Office: Lang Realty/BR
Last Updated: April - 15 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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