Sell a Multifamily Property in Pompano Beach, FL

Small multifamily in Pompano Beach is the triplex behind a main house in Old Pompano, the fourplex row in Collier City or Sanders Park, the converted house near Dixie Highway with three mailboxes. Its owners bought for income and often got it, and now the ledger has moved. Citizens, the insurer of last resort, held about 42,500 personal residential and 300 commercial residential policies in Broward County at the end of August 2026, and its approved 2026 average premium here is $2,916. Non-homestead assessments can rise up to 10 percent a year. Broward County added two tenant ordinances in 2022 with paperwork of their own. One roof, one sewer line and one electrical service serve every household, so a failure is multiplied. And a buyer with a commercial loan needs months and a stack of financials.

Pompano Beach Cash Buyers buys duplexes, triplexes, fourplexes and small apartment buildings from their owners across Pompano Beach and North Broward, every unit occupied or none, in any condition. This page is for the owner who wants to sell. It explains how leases and deposits move to the new owner, what the Broward ordinances require of you and of us, how units behind on rent are handled, and how one visit turns into a written offer within 24 hours of that visit and a closing on one date.

Florida treats a sale as subject to the written leases in place. The buyer takes the building with them, and each security deposit transfers to the new owner under Fla. Stat. 83.49. Month-to-month tenants stay month-to-month. Nobody has to be moved, bought out or re-signed before closing. Rents for the closing month are prorated on the settlement statement, and each tenant is told in writing who now holds their deposit and where rent goes. For the visit, Fla. Stat. 83.53 gives you a right of entry for repairs on at least 24 hours' notice; a showing to a buyer runs on the tenant's consent or as each lease allows. We walk the units once, with you or your manager, in a window the tenants agree to.

Broward County passed two tenant ordinances in 2022, a Tenant Bill of Rights and a Fair Notice rule with 60-day notices. Neither applies today: Florida preempted local landlord-tenant regulation on July 1, 2023 (Fla. Stat. 83.425), and the county says its ordinances are no longer in effect. What governs a Pompano Beach fourplex is Chapter 83: 30 days' written notice before the end of a monthly period to end a month-to-month tenancy (83.57), the 3-day and 7-day notices (83.56), the deposit rules (83.49) and the entry rules (83.53). When you sell to us, those duties become ours from the closing date. If you already served a notice on a unit, give us the date and we honor it.

A unit that stopped paying starts with a 3-day written notice to pay or vacate under Fla. Stat. 83.56(3), with Saturdays, Sundays and legal holidays excluded from the count. Other breaches get a 7-day notice to cure under 83.56(2)(b). The eviction itself is filed in Broward County Court, at the Central Courthouse in Fort Lauderdale or the North Regional Courthouse in Deerfield Beach. We buy buildings with one unit in arrears, two in eviction and the rest current, and we take the landlord's position in each pending case at closing. Back rent owed through the closing date stays yours to collect or forgive. The price reflects the occupancy as it is, which we show you in the written offer.

When a multifamily roof, cast-iron drain or electrical service fails, the repair is sized for everyone at once, and rent that covered insurance and taxes did not cover that. We buy buildings with roofs insurers refuse, aging panels and meters, failed air conditioners in some units and the interior wear tenants leave. If Pompano Beach Code Compliance has an open case, for exterior conditions or an unpermitted unit, Fla. Stat. 162.06(5) requires you to disclose it to the buyer in writing, hand over the notices and notify the code officer within 5 days of transfer; the case then follows the property to us. Any fine recorded by the Special Magistrate is a lien and is paid from the price at closing. You make no repairs and give no credits.

The city reports that over 32 percent of its buildings sit in a FEMA Special Flood Hazard Area, and a sample of 203 listing addresses in October 2026 found 46 percent in A-series zones. Multifamily owners in Pompano Beach have lived through the results: Hurricane Wilma's roof damage in October 2005 and Hurricane Irma's power loss for almost 800,000 Broward residents in September 2017. Insurers can require a roof inspection once a roof reaches 15 years under Fla. Stat. 627.7011, and Citizens held 9,797 wind-only personal residential policies in Broward on August 31, 2026, so a wind-only policy beside a separate flood policy is a familiar Broward arrangement. Since October 1, 2024, a seller must give a flood disclosure form at or before contract. We send it, you fill in what you know, and the building's flood and roof history is priced into the offer rather than argued over later.

Send the address, the unit count, current rents and lease end dates. We visit once with notice to the tenants and deliver a written offer within 24 hours of the visit. When you accept, a Broward County title company prorates rents, moves the deposits, orders your payoff and closes about a week after title is clear, or on a later date you choose. Pompano Beach Cash Buyers pays the customary closing costs and charges no commission; your net is the price minus the mortgage and any liens. Before you pick a date, ask your CPA what selling does to your return: depreciation taken over the years is generally recaptured, and the gain is taxable. If the building is stabilized and well kept, holding or listing may serve you better, and we will say so.

We buy houses in Pompano Beach for any reason, any condition, or any challenge

Every link below is a page written for that situation in Pompano Beach and Broward County.