240 SE 9th Avenue, Pompano Beach, FL 33060 (MLS# A12103050)

240 SE 9th Avenue, Pompano Beach, FL 33060

$885,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12103050

Property Type: Residential Income Square Footage: 2,849 Status: Active

Current Price: $885,000 List Date: 10/08/2026 Last Modified: 10/27/2026

Overview

Description

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!

Listing Details MLS# A12103050

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 2849
Living Area Main: 2849
Adjusted Area Main: 2849
Year Built: 1972
Parking Total: 10
Stories Total: Yes
Pool Private YN: No

Property Features

Documents Available: Copy Of Lease(s); Other Available Information; Rent Rolls Flooring: Other Structure Type: Multi Family Construction Materials: Block; CBS; Other Cooling: Central Air; Other Heating: Central; Separate Meters; Other Listing Terms: Cash; Conventional; FHA; Other Possession: Close Of Escrow; Negotiable Roof: Tar/Gravel; Other Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Showing Requirements: Call Listing Agent Unit 1 Parking Features: Parking Space Unit 2 Parking Features: Parking Space Unit 3 Parking Features: Parking Space Unit 4 Parking Features: Parking Space

Contract Information

Comp Sale YN: No
Original List Price: 885000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 240
Street Direction Prefix: SE
Street Name: 9th
Street Suffix: Avenue
City Name: Pompano Beach
State Or Province: FL
Postal Code: 33060
Postal Code +4: 7360
Postal Zip: 33060
Subdivision Name: OCEAN DRIVE ESTATES
Area: 3341
Geographic Area: NDIX - North Broward Us1 To Dixie Hwy (3311-3342)
Elementary School: McNab
Middle Or Junior School: Pompano Beach
High School: Blanche Ely
Parcel Number: 494201031081
Subdivision Number: 3
Zoning: RM-20
Flood Zone: AE

Financial Information

Tax Annual Amount: 14138
Tax Year: 2025
Tax Legal Description: OCEAN DRIVE ESTATES 8-2 B LOT 11 & ABAND E 2 1/2 OF ST LYING W OF SAID LOT BLK 7

Status Change Information

Major Change Timestamp: 2026-10-08T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-10-08

More Information

Income and Expenses

Gross Income: 94800
Net Operating Income: 67200
Total Expenses: 27600

Unit 1 Details

Actual Rent: 1950
Baths Full: Yes
Efficiency YN: No

Unit 1 Lease Description

Lease Term: Month To Month

Unit 2 Details

Actual Rent: 1700
Baths Full: Yes
Efficiency YN: No

Unit 2 Lease Description

Currently Leased YN: Yes

Unit 3 Details

Actual Rent: 1950
Baths Full: Yes
Efficiency YN: No

Unit 3 Lease Description

Lease Term: Month To Month

Unit 4 Details

Actual Rent: 1950
Baths Full: Yes
Efficiency YN: No

Unit 4 Lease Description

Lease Term: Month To Month

Price Calculations

Current Price To SqFt: 310.63

Section Details

Parcel Number MLX: 1081

Originating Details

Originating System Key: 566198005
Originating System ID: M00000151

Documents

Financials ›

Listing Office: Fausto Commercial Realty Consultants Inc

Last Updated: October - 27 - 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.