Price Reduced 6.68%
Price History
$749,000
8/6/2024
$699,000
8/22/2024
221 SE 11th Ave, Pompano Beach, FL, 33060
1970
2,327 sqft
Attention investors and owner-users! Prime investment opportunity with a well-maintained triplex in Pompano Beach. This 2,327 sq. ft. property on a 6,001 sq. ft. lot features three 2-bedroom, 1-bathroom units. Located near Atlantic Blvd., it offers easy access to shopping, dining, and entertainment. The neighborhood is rapidly redeveloping, boosting its investment potential with an actual NOI of $22,041 and a projected NOI of $39,480. With an actual cap rate of 3.15 % and a projected cap rate of 5.65%, this property is zoned RD-1 and has been extensively improved since 2012. The area has strong demographics, with a population of 17,068 and an average household income of $85,373 within a 1-mile radius, ensuring reliable tenant demand and rental rates.
Status:
Pending
Type:
Multi-family
Zoning:
TO-EOD
Subdivision:
OCEAN DRIVE ESTATES
Heating:
Central
Cooling:
Central Air
Parking:
5-car
Est. Taxes:
$8,797
Construction
Block
Utilities
Cable Available
Lot Description:
< 1/4 Acre
Days on Market:
89
Pool:
None
MLS #:
A11635028
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Klein Morgan Realty LLC Phone: 561-400-2085