Closed

Pinehurst, 1700 SE 2nd St, Pompano Beach, FL 33060

1,075,000(-11.63% )
$950,000Price
2,295SqFt

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Details

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Status:
Sold - Feb 23, 2024
Size: 2,295 SqFt (213 m2)
Price: $414/SqFt ($4,456/m2)
Type: Multi Family
Built: 1967
MLS Number: F10395485
On Site: 686 Days
Updated: 523 Days ago
Page Views: 0
Attention, savvy investors! Exceptional duplex opportunity just minutes from the beach to enhance your investment portfolio. This recently renovated and elegantly furnished duplex, complete with a refreshing pool, is currently operating as a successful vacation rental property. Each side of the property boasts 3 bedrooms, 2 baths, modern appliances, and hurricane-resistant windows and doors. This fully furnished gem is turnkey and primed for action. Consider living in one side while renting out the other to mitigate expenses or seamlessly continue the budding airbnb operation. With a projected cap rate between 9-14% (see attached pro forma valuation), this is a golden opportunity you won't want to miss. Entire permitted renovation from the ground up completed in 2016.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: CeramicTile
        • Year Built: 1967
        • Year Built Description: New Construction
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2023-09-14T09:40:09.000-00:00
          Taxes, Fees & More
          • Taxes: 9125
          • Total Units in Building: 2

          Price History

          02/23/2024

          Date

          Sold

          Event

          $950K

          Price

          -11.63%

          Change Rate

          $414 ft2 / $4,456 m2

          Price Per

          01/24/2024

          Date

          Price Increased

          Event

          $1.1M

          Price

          4.88%

          Change Rate

          $468 ft2 / $5,042 m2

          Price Per

          12/06/2023

          Date

          Price Reduced

          Event

          $1M

          Price

          -5.88%

          Change Rate

          $447 ft2 / $4,807 m2

          Price Per

          11/14/2023

          Date

          Price Reduced

          Event

          $1.1M

          Price

          -0.91%

          Change Rate

          $475 ft2 / $5,108 m2

          Price Per

          09/14/2023

          Date

          Listed

          Event

          $1.1M

          Price

          $479 ft2 / $5,155 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by Thomas CarrollThe Keyes Company • Buyer Agency Compensation .

          Instant Comps

          $100/ft²
          $200/ft²
          $400/ft²
          $600/ft²

          Unit 1700 SE 2nd St – Asking

          $414/ft²

          (+12%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $368/ft²
          Community $/Price Range (Closed) $284/ft² – $436/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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