221 SE 11th Ave, Pompano Beach, 33060

  • $699,000

Listing UP for Sale

Pompano Beach

221 SE 11th Ave, Pompano Beach, 33060

Pompano Beach

  • $699,000

Overview

Property ID: A11635028
  • Property Type
  • Triplex
  • 2327
  • sqft
  • 1970
  • Year Built

Description

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.

  • Address 221 SE 11th Ave
  • City Pompano Beach
  • State/county Florida
  • Zip/Postal Code 33060
  • Area Broward County

Details

Updated on September 19, 2024 at 8:19 pm
  • Property ID: A11635028
  • Price: $699,000
  • Property Size: 2327 sqft
  • Year Built: 1970
  • Property Type: Triplex
  • Property Status: Listing UP for Sale

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Barry Zeidel
  • Barry Zeidel