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240 SE 9th Ave, Pompano Beach FL 33060

Multi-family For Sale
$885,000

BTC: 10.82899969

ETH: 359.75609756

2 days
0 room(s)
2,849 sqft

Overview

Fausto Commercial is proud to present this extraordinary investment opportunity! Renovated 4-plex in Pompano Beach featuring four 2BR/1BA units, with 3 of the 4 units currently on a month-to-month basis, providing an investor with the flexibility to immediately reposition rents toward current market value. The property offers an attractive projected gross rental income of $94,800+ annually. Units include updated kitchens and baths, modern flooring, upgraded fixtures, and central A/C, offering turnkey appeal. Ideally located near beaches, downtown Pompano, major highways, and transit, with significant redevelopment and large-scale mixed-use projects driving growth and demand throughout Pompano Beach. Excellent opportunity for investors seeking stable income, immediate rental upside, and long-term appreciation in a rapidly growing South Florida market! Don't miss this opportunity!

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1972
Lot:
No Data
Heating:
Central / Other
Price/sqft:
$311
Cooling:
Central Air / Other
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$802,500
$553K – $1.1M
Confidence Low
List vs. estimate
$82K above estimate
List $885,000 · +10.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$310
-18.5% vs. city median $381
Based on
10 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$14,138
2025
Parking
10 spaces
All facts and features
  • Flooring

    • Other

    Heating

    • Central

    • Other

    Cooling

    • Central Air

    • Other

  • Other Property Information

    • Parcel Number: 494201031081

    • Zoning: RM-20

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $14,138

  • Source details

    • MLS ID: A12103050

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction / Other

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Detached

    • Living Area: 2849

    • Subdivision Name: OCEAN DRIVE ESTATES

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc