FOR SALE
221 11th Ave
Broward, OCEAN DRIVE ESTATES, Pompano Beach, FL
FOR SALE
Asking
$699,000
BTC
7.081
ETH
208.82
Home Size
2,327 sq. ft.
Year Built
1970
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.
LOADING
Location
Market Area
Broward
Neighborhood
OCEAN DRIVE ESTATES
Agents
Barry Zeidel
+1 310 910 1722
William Murphey
+1 310 910 1722