Closed

Avondale, 500 SW 2nd St, Pompano Beach, FL 33060

598,500(-10.61% )
$535,000Price
2,486SqFt

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Details

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Status:
Sold - Feb 28, 2024
Size: 2,486 SqFt (231 m2)
Price: $215/SqFt ($2,316/m2)
Type: Multi Family
Built: 1973
MLS Number: A11441093
On Site: 707 Days
Updated: 516 Days ago
Page Views: 0
This is a fabulous investment property in the heart of pompano beach! Solid rental area close to i-95 with easy access to the tpke and us-1. There are two 1-1s and one 2-1. Long-term tenants occupy two units; the 2-1 just took on a new tenant at increased rents. The property is well-maintained (and could also use some tlc). Income is stable, and there is room to grow as improvements are made. The roof is in great shape, with plenty of parking and a tranquil neighborhood. Please see the attachments for additional information. Note: all units are occupied. The seller has requested that the showing of units occur only with offers and proof of funds. Outside drive-bys are welcome; please do not walk the property without the listing agent or seller's permission. New ac in 2 of 3 units
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central,Electric
        • Cooling Description: Electric
        Building and Construction
        • Floor Description: CeramicTile
        • Year Built: 1973
        • Year Built Description: Effective Year Built
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2023-08-23T14:30:32.000-00:00
          Taxes, Fees & More
          • Taxes: 8200

          Price History

          02/28/2024

          Date

          Sold

          Event

          $535K

          Price

          -10.61%

          Change Rate

          $215 ft2 / $2,316 m2

          Price Per

          02/06/2024

          Date

          Price Reduced

          Event

          $598.5K

          Price

          -0.17%

          Change Rate

          $241 ft2 / $2,591 m2

          Price Per

          01/02/2024

          Date

          Price Reduced

          Event

          $599.5K

          Price

          -6.25%

          Change Rate

          $241 ft2 / $2,596 m2

          Price Per

          11/16/2023

          Date

          Price Reduced

          Event

          $639.5K

          Price

          -1.31%

          Change Rate

          $257 ft2 / $2,769 m2

          Price Per

          09/27/2023

          Date

          Price Reduced

          Event

          $648K

          Price

          -2.56%

          Change Rate

          $261 ft2 / $2,806 m2

          Price Per

          08/23/2023

          Date

          Listed

          Event

          $665K

          Price

          $267 ft2 / $2,879 m2

          Price Per

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

          Listed by Bram ScolnickEast Coast Realty Brokerage LLC • Buyer Agency Compensation .

          Instant Comps

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

          Unit 500 SW 2nd St – Asking

          $215/ft²

          (-5%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $227/ft²
          Community $/Price Range (Closed) $227/ft² – $227/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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