451 SE 1st Avenue, Pompano Beach, FL 33060
MULTI_FAMILY - Pompano Beach, FL
Property Features for 451 SE 1st Avenue
General Information
Taxes and HOA fees
Utilities
Amenities
Building Details
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Investment Insights
Based on property information with market context.
Construction is CBS, with central heating and central air plus ceiling fans. Improvements and finishes include impact windows and doors, newer appliances, and fresh interior and exterior paint. Each unit has its own washer and dryer and generous storage, and the property uses separate electric meters. The fenced layout and patio support added privacy and outdoor living.
The roof is newer, and the landlord maintains the pool and landscaping. The property sits on a 0.17-acre lot and totals 2,826 square feet, built in 1965, and is in zoning RD-1 with public water and public sewer and cable available. The home is located near the rapidly growing downtown corridor with easy access to I-95, and there is no HOA approval required.
Key Highlights
- 0.17‑acre lot with 2,826 SF duplex built in 1965, zoning RD‑1
- Unit mix: Unit B 3 bed/2 bath and Unit A 2 bed/2 bath, both currently rented
- Shared pool plus fenced layout, patio, and private backyards
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.2k | $25.20 |
| − Vacancy | −$3.7k | −$1.31 |
| EGI | $67.5k | $23.89 |
| − OpEx | −$20.3k | −$7.17 |
| NOI | $47.3k | $16.72 |
Alternative Uses
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Current Use
Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 33060, FL
Market
Vacancy Rate% for Multifamily in South region