240 9th Ave ,Detached, Quadruplex, Ocean Drive Estates for Sale

240 9th Ave for Sale

Price $885,000.00

• Lot size 2849
• Year Build 1972
• Waterfront
• Zip 33060
• Style Detached
• Parking Description
• Pool Yes
• Status Active

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!

OCEAN DRIVE ESTATES 8-2 B LOT 11 & ABAND E 2 1/2 OF ST LYING W OF SAID LOT BLK 7

Less Than 1/4 Acre Lot

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!

City:Pompano Beach,Roof:1:Tar & Gravel Roof,Zoning:RM-20,Cooling:1:Other,Heating:1:Other,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2025,Latitude:26.229303,Cooling Y N:1,Heating Y N:1,List Price:885000,Listing Id:A12103050,Longitude:-80.1140065,Mls Status:Active,Year Built:1972,Living Area:2849,Postal Code:33060,Street Name:9th Ave,Coordinates:1:26.229303,Photos Count:27,Building Name:OCEAN DRIVE ESTATES,Listing Terms:1:Conventional,2:FHA,Lot Size Units:Square Feet,M I A M I R E_ Area:3341,M L S Area Major:Ocean Drive Estates,On Market Date:2026-10-08,Parcel Number:494201031081,Parking Total:10,Property Type:Residential Income,Stories Total:1,Street Number:240,M I A M I R E_ Style:Fourplex,Public Remarks: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!,Structure Type:1:Fourplex,County Or Parish:Broward County,Expiration Date:2027-04-08,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:7360,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:SE,Subdivision Name:OCEAN DRIVE ESTATES,Tax Annual Amount:14138,Total Actual Rent:94800,Unparsed Address:240 SE 9th Ave, Pompano Beach FL 33060,Listing Agreement:Exclusive Right To Sell,Operating Expense:27600,Year Built Details:Effective Year Built,Building Area Total:2849,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:AE,M I A M I R E_ L P Amt Sq Ft:310.6353,Original List Price:885000,Public Survey Range:49,Documents Available:1:Other Available Information,2:Rent Rolls,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Net Operating Income:67200,Syndication Remarks: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 Contract Date:2026-10-08,Originating System I D:miamire,Public Survey Section:1,Showing Instructions:Call Listing Agent,Street Number Numeric:240,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,M I A M I R E_ Current Price:885000,Public Survey Township:49,Construction Materials:1:CBS Construction,2:Other,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Adjusted Area S F:2849,M I A M I R E_ Geographic Area:North Broward Us1 To Dixie Hwy (3311-3342),M I A M I R E_ Internet Remarks:240 SE 9th Ave, Pompano Beach, FL,M I A M I R E_ Parcel Number M L X:1081,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Street View Param:1$26.229302$-80.114027$58.64$13.33$1.00$rDuj2IQpAkgp3JxaCnuXMA,Contract Status Change Date:2026-10-08,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:3,M I A M I R E_ Agent Alternate Phone:931-319-7072,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:240 SE 9th Ave,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:310.64,Internet Automated Valuation Display Y N:1,