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221 SE 11th Ave, Pompano Beach FL 33060

Multi-family Recently Sold
$680,000

BTC: 7.82959125

ETH: 340.00000000

Sold on: 2024-11-18
44 days
0 room(s)
2,327 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Florida • Pompano Beach • 33060 • Multi-family • Recently Sold

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1970
Lot:
No Data
Heating:
Central
Price/sqft:
$300
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 494201030260

    • Zoning: TO-EOD

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Other financial information

    • Annual tax amount: $8,797

  • Source details

    • MLS ID: A11635028

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Window Features: Blinds

    • Architectural Style: Other

    • Living Area: 2327

    • Water Source: Municipal Water

    • Subdivision Name: OCEAN DRIVE ESTATES

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Klein Morgan Realty LLC