Pompano Beach, FL 33060 221 SE 11th Ave
$699,000
36 more
Presented By: This listing is courtesy of Magna Realty;
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
Beds • 2
Baths • 1
SQFT • 2,327
Home Details
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.
Presented By: This listing is courtesy of Magna Realty;
Interior Features for 221 SE 11th Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCeramicTile
Heating Y/NYes
Window FeaturesBlinds
General for 221 SE 11th Ave
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityPompano Beach
Construction MaterialsBlock
ContingencyPending Inspections
CoolingCentralAir
CountyBroward
Days on Market58
DirectionsFrom Atlantic Blvd. east of Dixie Hwy, turn right onto SE 11th Ave and continue south; the property will be on your right.
Electric On Property Y/NNo
Garage Y/NNo
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionOCEAN DRIVE ESTATES 8-2 B LOT 25 BLK 2
LevelsOne
Lot Size UnitsSquareFeet
MLS Area3341
MLS Area MinorNorth Broward Us1 To Dixie Hwy (3311-3342)
MobileHomeRemainsYNNo
Net Operating Income22040.0
New ConstructionNo
Occupancy TypeTenant
Operating Expense28656.0
Pool FeaturesNone
PossessionCloseOfEscrow
PostalCityPompano Beach
Private PoolNo
Property Sub Type AdditionalTriplex
Property SubTypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
Rent IncludesGardener, Sewer, TrashCollection, Water
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsListedAsIs
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Subdivision NameOCEAN DRIVE ESTATES
Tax Annual Amount8797.0
Tax Year2023
TermsCash, Conventional
Total Actual Rent50697.0
UtilitiesCableAvailable
View Y/NNo
Virtual TourClick here
Waterfront Y/NNo
Year Built1970
Year Built DetailsResale
Zoning DescriptionTO-EOD
Exterior for 221 SE 11th Ave
Building Area Total2327.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLessThanQuarterAcre
Open Parking Y/NNo
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
