Price Reduced 6.68%

$699,000 ($300.39 per sqft)

Est. Mortgage $3,398/mo *

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Price History

$749,000
8/6/2024

$699,000
8/22/2024

221 SE 11th Ave, Pompano Beach, FL, 33060

221 SE 11th Ave, Pompano Beach, FL, 33060
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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:

Active

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:

16

Pool:

None

MLS #:

A11635028

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of MAGNA REALTY Phone: 954-228-5330