Multifamily in Pompano Beach, FL 33060Ocean Drive Estates, 221 SE 11th Ave #1-3
Share
Closed
2,327
SqFtStatus
Sold - Nov 18, 2024
Size
2,327 SqFt (216 m2)
Price
$292/SqFt ($3,145/m2)
Type
Multifamily
Built
1970
MLS Number
A11635028
On Site
765 Days
Updated
13 Days ago
Page Views
0
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.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Central
- Cooling Description: CentralAir
Building and Construction
- Floor Description: CeramicTile
- Windows/Treatment: Blinds
- Year Built: 1970
- Year Built Description: Resale
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2024-08-06T10:37:39.000-00:00
Taxes, Fees & More
- Taxes: 8797
Apples-to-Apples Comparables
Price History
Current
$680K
High
$749K
Low
$680K
Total Change
-9.2%Date
Event
Price
Change
Price Per
11/18/2024
Sold
$680K
-2.72%$292 ft2
$3,145 m2
08/22/2024
Price Reduced
$699K
-6.68%$300 ft2
$3,233 m2
08/03/2024
Listed
$749K
$322 ft2
$3,465 m2
11/18/2024
$680K
Event
Sold
Change
-2.72%Price Per
$292 ft2
$3,145 m2
08/22/2024
$699K
Event
Price Reduced
Change
-6.68%Price Per
$300 ft2
$3,233 m2
08/03/2024
$749K
Event
Listed
Price Per
$322 ft2
$3,465 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by William Murphey • Klein Morgan Realty LLC • Buyer Agency Compensation .
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Scores
73
100
33
100
47
100
78
100
1
100
27
100
1
100
Community Snapshot
1 – 3 BR
Bedrooms
$120K – $1.1M
Price Tier
480 - 6,915
SqFt Range
1969
Year Build
2
Total Floors
Subdivision Amenities
Laundry
None
Pool
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