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971 SE 22nd Ave
Pompano Beach, FL 33062
Wilson Apartments · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Well-Maintained, Value-Add Opportunity In Supreme Pompano Beach Location
- Long-Term Tenants With All Of Them Month-To-Month
- Recent Capital Expenditures Include New Washer/Dryer & New Water Heater In Laundry Room And New Lush Landscaping
- First Time Property Has Been Available On Market In Over 36 Years
- Opportunity To Significantly Increase Rents By 36.42%
- Located Just East Of N Federal Hwy Within Walking Distance To Numerous Retailers, Restaurants, Healthcare Facilities, Offices, Etc.
Executive Summary
971 SE 22nd Ave presents an opportunity to acquire an 8-unit multifamily asset totaling 3,186 square feet. Constructed in 1957, the property offers investors a well-established residential building with a unit count that supports operational efficiency while maintaining a manageable scale. The RM-20 zoning designation provides a valuable foundation for continued multifamily use, making the asset well-positioned for both traditional rental operations and strategic value-enhancement initiatives.
The property's compact garden-style configuration creates an attractive investment profile for owners seeking stable cash flow from a diversified rent roll. With eight separate units housed within a single building, investors benefit from economies of scale while retaining the flexibility typically associated with smaller multifamily properties. The building's established construction and functional layout offer a platform for future upgrades that may support rental growth and increased asset value over time.
In addition to conventional multifamily operations, the property's size and unit mix may present opportunities for investors exploring short-term rental strategies, subject to applicable regulations and operational considerations. The combination of eight units, RM 20 zoning, and a proven multifamily format creates multiple pathways for income generation, positioning the asset as a versatile investment opportunity for buyers seeking both current revenue potential and long-term upside.
The property's compact garden-style configuration creates an attractive investment profile for owners seeking stable cash flow from a diversified rent roll. With eight separate units housed within a single building, investors benefit from economies of scale while retaining the flexibility typically associated with smaller multifamily properties. The building's established construction and functional layout offer a platform for future upgrades that may support rental growth and increased asset value over time.
In addition to conventional multifamily operations, the property's size and unit mix may present opportunities for investors exploring short-term rental strategies, subject to applicable regulations and operational considerations. The combination of eight units, RM 20 zoning, and a proven multifamily format creates multiple pathways for income generation, positioning the asset as a versatile investment opportunity for buyers seeking both current revenue potential and long-term upside.
Property Facts
| Price Per Unit | $242,298 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| No. Units | 8 | Building Size | 4,254 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1957 |
| Apartment Style | Low-Rise | Parking Ratio | 2.59/1,000 SF |
| Zoning | RM-20 | ||
| Price Per Unit | $242,298 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,254 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 2.59/1,000 SF |
| Zoning | RM-20 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 285 - 350 |
| 1+1 | 2 | - | 600 |
Property Taxes
| Parcel Number | 49-43-06-14-1780 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,229,003 CAD |
Property Taxes
Parcel Number
49-43-06-14-1780
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,229,003 CAD
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