Two-Unit
New
For Sale
$499,900
1-2-711 Sw 7th Street, Pompano Beach, FL 33060
Both residences offer two bedrooms, one bath, central air conditioning, and separate electric meters.
Property Size1,696 SF
Price / SF$294.75
Days on Market6
Property Features for 1-2-711 Sw 7th Street
General Information
Standard status
Active
Size
1,696 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,041
Amenities
central A/C
Building Details
Tenancy
Multi
Listing Agency:
Bank On It Realty
(954) 515-0030
Listed By:
Eugene J Schroeder · License #687483
(954) 816-4363
Source:
Exprealty
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 27 at 3:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bank On It Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,696-square-foot duplex contains two residences, each with a two-bedroom, one-bath layout and central air conditioning. Each unit has its own electric meter, and both are occupied by long-term tenants. Property management is in place and may be continued by a new owner.
Located at 1-2-711 SW 7th Street in Pompano Beach, Florida, the property has tenants responsible for electricity, while the owner pays for water.
Located at 1-2-711 SW 7th Street in Pompano Beach, Florida, the property has tenants responsible for electricity, while the owner pays for water.
Key Highlights
- Two residences, each with a 2‑bedroom, 1‑bath layout
- 1,696 square feet total
- Separate electric meter for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,362
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,240
$567.2K
Cap Rate 7%
$405,171
$405.2K
Cap Rate 9%
$315,133
$315.1K
Market Conditions
NOI Build-Up for 1,696 SF
Gross rent
$42.7K $25.20/SF
− Vacancy
−$2.2K −$1.31/SF
EGI
$40.5K $23.89/SF
− OpEx
−$12.2K −$7.17/SF
NOI
$28.4K $16.72/SF
Area
Pompano Beach, FL
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,240
Cap Rate 7%
$405,171
Cap Rate 9%
$315,133
Alternative Uses
Best Use
Multifamily LT 5
$405.2K
$354.5K – $472.7K
NOI $28,362 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$372.2K
$325.7K – $434.2K
NOI $26,053 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$661.4K
$578.8K – $771.7K
NOI $46,301 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,186
Businesses Nearby
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, one bath, central air conditioning, and separate electric meters.
Where is this duplex located?
The property is located at 1-2-711 Sw 7th Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two residences, each with a 2‑bedroom, 1‑bath layout; 1,696 square feet total; Separate electric meter for each unit
