221 SE 11th Ave Single-Family Houses, FL

Se Th Ave, Pompano Beach, Home For Sale

Price: 749000
Address: 221 SE 11th Ave
City: Pompano Beach
State: FL
Zip:
Provided By: RealtyWW

Description:

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 $50, 697 and a projected NOI of $72, 000. With an actual cap rate of 2.94% and a projected cap rate of 5.26%, 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.For more details: https://realtyww.info/homes_pompano-beach-d523744/for-sale_i74807074

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