Building Description
Executive Summary
Pompano Flats 1141 NE 23rd Terrace Pompano Beach, Florida
Pompano Flats is a six-unit multifamily property located in Pompano Beach, Florida, offering investors the opportunity to acquire a boutique rental asset within one of South Florida’s most active and supply-constrained housing markets.
The property comprises six one-bedroom, one-bathroom residences and provides an efficient operating profile with a highly marketable unit configuration. The offering is positioned to benefit from sustained rental demand, continued population and employment growth across Broward County, and significant public and private investment occurring throughout Pompano Beach.
Located east of I-95 with convenient connectivity to Federal Highway, the property provides access to Pompano Beach’s coastal amenities and employment centers throughout Fort Lauderdale and the broader South Florida corridor.
The offering represents a differentiated opportunity to acquire a manageable multifamily asset in a high-barrier-to-entry South Florida market, providing durable in-place income with the potential for continued rental growth and long-term capital appreciation.
Approved Uses by Zoning — Multiple-Family Residence 20 (RM-20 - Multi-family residence)
Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.
Allowed by right
Dwelling, Multifamily, Dwelling, Single-Family, Dwelling, Two-Family, Family Community Residence, Transitional Community Residence, Recovery Community, Continuing Care Retirement Community, Nursing Home Facility, Arboretum or Botanical Garden, Community Garden, Park or Plaza, Utility Use, Minor
With special approval
Dwelling, Single-Family (Zero Lot Line), Rooming or boarding house, Community Center, Library, Museum, Senior Center, Youth Center, Adult Day Care Center, Child Care Facility, School, Elementary, Fire or EMS Station, Police Station, Post Office, Place of Worship, Professional Office, Bank or Financial Institution, Condo Hotel, Bed and Breakfast Inn, Hotel or Motel, Eating and Drinking Establishment as accessory use to a hotel/condo hotel (special exception; hotel or condo hotel must have 50+ rooms), Golf Course
Read the full RM-20 - Multi-family residence zoning guide ›
