AvailableMultifamily Sale

Upside Potential Available!

321 SE 1st Ave, Pompano Beach, FL 33060

Offering Price$649,900
Units2
Living SF1,837 SF
Building1,837 SF
Land8,101 SF
Cap Rate5%
Upside Potential Available! listed by Fidelity Real Estate Group
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
Units2
Year Built1965
CountyBroward
ZoningRD-1 Multifamily 2-9 Units (08)
APN4942-01-25-0050
Living SF1,837 SF
Building SF1,837 SF
Land SF8,101 SF
Land Acres0.19

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

Proforma Financials

Gross Income$51,600
Operating Expenses$18,291
Net Operating Income$33,309
Cap Rate5%

Unit Mix

1
Occupied
Bed/Bath2/1
Actual Rent$1,750
Proforma Rent$2,400
LeaseMTM
2
Occupied
Bed/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

Income and expense information is believed to be accurate but is not guaranteed. All figures should be independently verified by the buyer and/or buyer's representatives as part of their due diligence.

Property Photos

Photo Gallery

44 Photos