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513 S Ocean Boulevard Pompano Beach FL 33062 MLS #RX-11116550

513 S Ocean Boulevard
Pompano Beach, FL, 33062
$2,499,900
Beds
0 Bathrooms
5,872 SqFt
0 Acres
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$2,499,900
513 S Ocean Boulevard
Pompano Beach, FL, 33062
MLS #RX-11116550 image #0MLS #RX-11116550 image #1MLS #RX-11116550 image #2MLS #RX-11116550 image #3MLS #RX-11116550 image #4MLS #RX-11116550 image #5MLS #RX-11116550 image #6MLS #RX-11116550 image #7MLS #RX-11116550 image #8MLS #RX-11116550 image #9MLS #RX-11116550 image #10MLS #RX-11116550 image #11MLS #RX-11116550 image #12MLS #RX-11116550 image #13MLS #RX-11116550 image #14MLS #RX-11116550 image #15

Project Description

Do Not Walk Property or Disturb Tenants! Paradise Shores is an 8-Unit Multifamily in East Pompano Beach, Florida just steps to the Atlantic Ocean. The property is currently operating as a short term rental property with a strong repeat client list. Paradise Shores is well managed with many future bookings in place for year round activity. Paradise Shores has seen significant capital improvements including new furnishings, new air conditioning, new electrical service, newly lined sewer pipes, stabilization of operations, and much more. The units themselves are large more in line with private condominiums in the area making the property perfect for short term rentals. Parking is abundant as compared to similar properties in the area. Unit Mix (4) 2/2s (4) 1/1s.

Financial

Gross Operating Income
$342,012
HOA Fee
$0
Net Operating Income
$178,810
Taxes
$0
Utilities
Cable, Electric, Public Sewer, Public Water

Investment results for buyers and agents

Property Details

Price:
$2,499,900
MLS #:
RX-11116550
Status:
Active
Baths:
0
Type:
Residential Income
Subtype:
Quad Plex
Subdivision:
BLOUNT BROS POMPANO BEACH
Listed Date:
Aug 18, 2025
Finished Sq Ft:
5,872
Year Built:
1972
Blount Bros Pompano Beach

Schools

Interior

Cooling
Central
Flooring
Tile
Heating
Central

Exterior

Construction
CBS
Exterior Features
None
Homeowners Assoc
None
Lot Description
< 1/4 Acre
Roof
Built- Up
View
Garden
Waterfront Details
None, Ocean Access

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Map

513 S Ocean Boulevard
Pompano Beach, FL