Courtesy of: William Murphey, Magna Realty, william@mymagnarealty.com
Courtesy of: William Murphey, Magna Realty, william@mymagnarealty.com
$699,000
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6 bed
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3.00 Bath (3 Full)
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Triplex
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$699,000
221 SE 11th Ave 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.
Courtesy of: William Murphey, Magna Realty, william@mymagnarealty.com
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