Ocean Drive Estates, 221 SE 11th Ave, Pompano Beach, FL 33060

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.