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221 SE 11th Ave
Pompano Beach FL 33060 US

$699,000

Active Listing ID A11635028
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6 bed
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3.00 Bath (3 Full)
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Triplex

$699,000

Active Listing ID A11635028
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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.

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Property Features

  • Facts
  • Property Type: Residential
  • Property Sub-type: Triplex
  • Features
  • Full Bathrooms: 3
  • Floor Covering: Tile, Tile - Ceramic
  • Roof Type: Shingle
  • Heating Fuels: Central Furnace

Property

  • propertytype: Residential
  • propertysubtype: Triplex
  • listprice: 699000
  • unparsedaddress: 221 SE 11th Ave
  • postalcity: Pompano Beach
  • stateorprovince: FL
  • country: US
  • postalcode: 33060
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 2327
  • livingareaunits: Square Feet
  • listagentfullname: William Murphey
  • listagentemail: william@mymagnarealty.com
  • listagentkey: 3yd-MAORFL-0695466
  • listagentmlsid: 0695466
  • listagentpreferredphone: 9542285330
  • listagentofficephone: 9542285330
  • listofficekey: 3yd-MAORFL-BTRE01
  • listagentstatelicense: 0695466
  • listofficemlsid: BTRE01
  • disclaimer: Copyright © 2024 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MAORFL
  • yearbuilt: 1970
  • listagenturl: http://mymagnarealty.com
  • countyorparish: Broward County
  • parcelnumber: 494201030260
  • constructionmaterials: Block
  • flooring: Tile, Tile - Ceramic
  • heating: Central Furnace
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 5
  • roof: Shingle
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • utilities: Cable Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AlternatePrices":[], "BrokerName":"B & T Real Estate Services Inc. DBA Magna Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"info@magnarealty.com", "ListBrokerageCity":"Fort Lauderdale", "ListBrokerageCountry":"US", "ListBrokerageEmail":"william@mymagnarealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MAORFL/50d7dc7110d211e7b6d10242ac110009/20170324205455392.png", "ListBrokerageName":"B & T Real Estate Services Inc. DBA Magna Realty", "ListBrokeragePhone":"954-228-5330", "ListBrokeragePostalCode":"33309", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"6750 N Andrews Ave Suite 200", "ListBrokerageWebsiteUrl":"http://mymagnarealty.com", "ListOfficeAddress1":"1451 W Cypress Creek RD", "ListOfficeAddress2":"Suite 300", "ListOfficeBrokerMlsId":"0695466", "ListOfficeCity":"Fort Lauderdale", "ListOfficeCountry":"US", "ListOfficeEmail":"william@mymagnarealty.com", "ListOfficePostalCode":"33309", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Triplex - Pompano Beach, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/221-SE-11th-Ave-1-3_Pompano-Beach_FL_33060_M54891-51329?f=listhub&s=MAORFL&m=A11635028&c=rexren", "MLSModificationTimestamp":"2024-08-22T10:25:39Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":8797, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/12/2024 9:21:47 PM GMT
Source Updated Date: 9/20/2024 6:48:24 AM GMT

Courtesy of: William Murphey, Magna Realty, william@mymagnarealty.com

Copyright © 2024 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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