Land in Pompano Beach, FL 33060
337 NW 11th St

Closed

$1,700,000

Estimate Payment $8,670 Closing Costs

Beds

2.83

Acre

$600,707

$/Acre

LandProperty Type

2.83 AcresLot Size

$600,707/AcrePrice per acre

Located in the center of Pompano NW CRA as well as in the Opportunity Zone! The site is about 2.8 Acres / 123,000 sq,ft of mostly cleared land and consisting of 16 folios. The current owner obtained building permits approvals for 4 duplexes as well as initial city approval for, each unit is 4 bedrooms and 2.5 bathrooms, each unit can be easily rented once completed for about $2350 So the total site will hold 4 duplexes (8 units) and will generate approx. $225,000 gross income. (Impact fees already paid for)Single Family Homes- Each home is 1600 SF consisting of 4 bedrooms and 3 bathrooms and can be easily rented once completed for about $2600 So the total site will generate approx. $375,000 gross income.

Listing Courtesy Of: Capital Group Rlty 2004 LLC

Local Realty Services Provided By: Best of Luxury Realty

On Site: 2051 DaysUpdated: 287 Days agoPage Views: 0

All features

Current Use: Other
Approx SqFt Total Area: 123000
Property SqFt: 123000
Remarks: Located in the center of Pompano NW CRA as well as in the Opportunity Zone! The site is about 2.8 Acres / 123, 000 sq, ft of mostly cleared land and consisting of 16 folios. The current owner obtained building permits approvals for 4 duplexes as well as initial city approval for, each unit is 4 bedrooms and 2.5 bathrooms, each unit can be easily rented once completed for about $2350 So the total site will hold 4 duplexes (8 units) and will generate approx. $225, 000 gross income. (Impact fees already paid for)Single Family Homes- Each home is 1600 SF consisting of 4 bedrooms and 3 bathrooms and can be easily rented once completed for about $2600 So the total site will generate approx. $375, 000 gross income.
Internet Remarks: Located in the center of Pompano NW CRA as well as in the Opportunity Zone! The site is about 2.8 Acres / 123, 000 sq, ft of mostly cleared land and consisting of 16 folios. The current owner obtained building permits approvals for 4 duplexes as well as initial city approval for, each unit is 4 bedrooms and 2.5 bathrooms, each unit can be easily rented once completed for about $2350 So the total site will hold 4 duplexes (8 units) and will generate approx. $225, 000 gross income. (Impact fees already paid for)Single Family Homes- Each home is 1600 SF consisting of 4 bedrooms and 3 bathrooms and can be easily rented once completed for about $2600 So the total site will generate approx. $375, 000 gross income.
Waterfront: No info
Directions: East
Days on Market: 71
Closing Date: 2021-07-02
Compass Point: NW
Office Name: Capital Group Rlty 2004 LLC
Area: 123000
Taxes: 888
Tax Year: 2020
Listing Date: 2021-03-30T20:00:00.000-00:00
Lot Size Square Feet: 123000