221 SE 11th Ave Pompano Beach FL 33060 MLS #A11635028

221 SE 11th Ave
Pompano Beach, FL, 33060
$699,000
Beds
0 Baths
2,327 SqFt
0 Acres
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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.

Property Details

Price:
$699,000
MLS #:
A11635028
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
221 SE 11th Ave
Type:
Multi Family
Subtype:
Triplex
Subdivision:
OCEAN DRIVE ESTATES
Neighborhood:
Ocean Drive Estates
City:
Pompano Beach
Listed Date:
Aug 6, 2024
State:
FL
Finished Sq Ft:
2,327
Total Sq Ft:
2,327
ZIP:
33060
Year Built:
1970
Units:
3
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CENTURY 21 Carioti

CENTURY 21 Carioti

Florida, Real Estate

Phone 800 783-8847

CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.

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Schools

Interior

Cooling
Central Air
Flooring
Ceramic Floor
Heating
Central

Exterior

Architectural Style
Other
Construction Materials
C B S Construction
Parking Spots
5
Roof
Shingle

Financial

Net Operating Income
$22,040
Tax Year
2023
Taxes
$8,797

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Community

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Courtesy of Magna Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
Rover IDX
221 SE 11th Ave
Pompano Beach, FL