221 SE 11th Ave
Pompano Beach, FL 33060
- – beds
- – baths
- 2,327 sqft
- $292 per sqft
- 1970 build
- – on site
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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.
Last checked:
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Last updated Dec 16, 2024
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MLS# A11635028 —
The Building
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Year Built:1970
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Year Built Details:Resale
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Construction Materials:Block
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Stories:1
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Levels:One
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Roof:Shingle
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Window Features:Blinds
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Building Area Total:2327.0
Interior
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Flooring:CeramicTile
Room Dimensions
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Living Area:2327.0
Financial & Terms
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Buyer Financing:Conventional
Location
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Directions:From Atlantic Blvd. east of Dixie Hwy, turn right onto SE 11th Ave and continue south; the property will be on your right.
The Property
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Parcel Number:494201030260
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Property Type:ResidentialIncome
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Property Subtype:Triplex
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Property Subtype Additional:Triplex
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Zoning Description:TO-EOD
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Possible Use:Investment
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Lot Features:LessThanQuarterAcre
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Lot Size Units:SquareFeet
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (954) 245-1696
- Office phone:
- (561) 400-2085
Taxes
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Tax Year:2023
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Tax Annual Amount:$8,797
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Tax Legal Description:OCEAN DRIVE ESTATES 8-2 B LOT 25 BLK 2
The Listing
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:CentralAir
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Cooling:true
Utilities
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Utilities:CableAvailable
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Sewer:PublicSewer
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Water Source:Public
The Community
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Subdivision Name:Ocean Drive Estates
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Pool Features:None
Parking
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Parking Total:5.0
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/18/24
Nov 18, 2024
|
Sold | MLSM | $680,000 |
