AvailableMultifamily Sale
Upside Poential Available!
321 SE 1st Ave, Pompano Beach, FL 33060
Offering Price$649,900
Units2
Building1,837 SF
Land8,101 SF
Actual Cap3%
Proforma Cap5%
Property Photos
Photo Gallery
Property Overview
Investment Opportunity
Outstanding Investment Opportunity In The Heart Of Pompano Beach! This Spacious, Updated Duplex Is Just Minutes To Sandy Beaches And Shopping. Features Include Hurricane Impact Windows And Doors, A New PVC Sewer Line, And Updated Central A/C System. The First Unit Offers A Generous 2-Bedroom, 1-Bathroom Layout, While The Second Unit Features A Large 1-Bedroom, 1-Bathroom. Both Units Are Equipped With Stackable Washers And Dryers And Have Separate Electric Meters. A Potential To Increase To Over $50,000 Plus! Annual . Great For First Time Investors Or Seasoned Pros!
Property Information
Property Details
Property Basics
Property CategoryMultifamily Sale
CountyBroward
ZoningRD-1 Multifamily 2-9 Units (08)
Units2
APN4942-01-25-0050
Building SF1,837 SF
Land SF8,101 SF
Land Acres0.19
Year Built1965
Building & Systems
Number of Buildings1
Number of Stories1
Electric Meters2
Water Meters1
LaundryIn-Unit Washer & Dryer
Roof TypeSHINGLE, COM
HVACCentral
Investment Metrics
Price Per Unit$324,950
Price Per Building SF$353.78 / SF
Price Per Land SF$80.22 / SF
Property Improvements
Unit 1
Newer A/C
PVC Sewer Line
Newer Hot Water Heater
Termite Warranty
Financial Overview
Investment Financials
Actual Financials
Gross Income$39,000
Operating Expenses$18,291
Net Operating Income$20,709
Cap Rate3%
Proforma Financials
Gross Income$51,600
Operating Expenses$18,291
Net Operating Income$33,309
Cap Rate5%
Unit Mix
1
OccupiedBed/Bath2/1
Actual Rent$1,750
Proforma Rent$2,400
LeaseMTM
2
OccupiedBed/Bath1/1
Actual Rent$1,500
Proforma Rent$1,900
LeaseMTM
Expense Breakdown
Taxes$9,271.22
Insurance$6,500.00
Water$1,800
Landscaping$720
Total Expenses$18,291