AvailableMultifamily Sale

Pompano Beach Duplex!

404 NE 4th St, Pompano Beach, FL 33060

Seller Financing AvailableRecently Renovated + Seller Financing!
Offering Price$690,000
Units2
Living SF1,722 SF
Building1,722 SF
Land7,669 SF
Actual Cap6%
Proforma Cap8%
Pompano Beach Duplex! listed by Fidelity Real Estate Group
Property Overview

Investment Opportunity

Owner Financing Available! This Large Duplex Features Two Spacious Units, Each Offering 3 Bedrooms And 1 Bath. Situated In The Heart Of Pompano Beach, Just Minutes From The Sandy Beaches & Shopping, A True Money Maker With Tremendous Potential For Growth. Current Gross Totals $55,488 Annually, Both Units Are Nicely Updated With Newer Air Conditioning Systems (1–2 Years), Washer/Dryer Hookups, Separate Electric/Water Meters & Hurricane Shutters Already Installed. Property Was Recently Painted & Unit A Has Newly Renovated Bathrooms. Potential Gross Rent $67,200 Annual Expenses: Lawn Care $600, Insurance $3,100,Taxes $8,632, And Water $1,200, Potential Net Income $53,668. All Information Provided, Boundary Lines Included Is Deemed Reliable But Not Guaranteed & Should Be Verified By The Buyer.

Property Information

Property Details

Property Basics

Property CategoryMultifamily Sale
Units2
Year Built1971
CountyBroward
ZoningTO-DPOD Multifamily 2-9 Units (08)
APN4842-35-18-0080
Living SF1,722 SF
Building SF1,722 SF
Land SF7,669 SF
Land Acres0.18

Building & Systems

Number of Buildings1
Number of Stories1
Electric Meters2
Water Meters1
LaundryWasher/Dryer Hookup
Roof TypeSHINGLE, COM.
HVACCental

Investment Metrics

Price Per Unit$345,000
Price Per Building SF$400.70 / SF
Price Per Land SF$89.97 / SF

Property Improvements

1-2
Newer A/C's
Within 2 yearsBack Unit
Renovated Bathroom
Within 2 years
Renovated Kitchen
Both Units
Freshly Painted
Both Units
Washer Dryer Hookups
Financial Overview

Investment Financials

Actual Financials

Gross Income$55,488
Operating Expenses$15,343
Net Operating Income$40,145
Cap Rate6%

Proforma Financials

Gross Income$67,200
Operating Expenses$15,343
Net Operating Income$51,857
Cap Rate8%

Unit Mix

1
Occupied
Bed/Bath3/1
Actual Rent$2,000
Proforma Rent$2,800
Lease9/1/2026
2
Occupied
Bed/Bath3/1
Actual Rent$2,624
Proforma Rent$2,800
LeaseMTM

Expense Breakdown

Taxes$8,632.74
Insurance$4,910.00
Water$1,200
Landscaping$600
Total Expenses$15,343

Expense Notes

Water is included for section 8 tenant. Trash is included with water

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

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