Renovated Condo Near Pompano
1021 NE 24th Avenue 4 Pompano Beach, FL 33062
1021 NE 24th Avenue 4, Pompano Beach, FL, 33062
$219,000
For Sale
$219,000
Renovated 2-bedroom condo with modern amenities and convenient location.
Property Size763 SF
Price / SF$287.02
Days on Market581
Property Features for 1021 NE 24th Avenue 4
General Information
- Standard status
- Active
- Size
- 763 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1968
Listing Agency
Capital Homes Inc
(917) 825-4038
Listed by
Christopher Schult · License #3513492
(917) 825-4038
Source
Exitrealty
Added: Dec 17, 2024 Updated: Jul 10 at 1:04 pm Checked: Jul 20 at 2:00 am
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 Capital Homes Inc
Investment Insights
Based on property information with market context.
This renovated condo, located east of Federal Highway, offers 740 square feet of living space with 2 bedrooms and 1 bath. The building features a newly renovated elevator and brand-new washer and dryers with WiFi. Recent improvements include fresh concrete restoration, sealing, and painting, along with the installation of impact windows and doors. Residents can enjoy a pool. The condo benefits from low HOA fees and no rental restrictions, with cash or DSCR Loans accepted. The property is conveniently located near Pompano Park, Pompano Beach, Pompano Pier, Whole Foods, LA Fitness, and various restaurants. It is also approximately 10 minutes from I-95 and 25 minutes from Fort Lauderdale Airport. The building has a 40/50 YEAR CERTIFICATION and NO ASSESSMENTS DUE.
Key Highlights
- Prime Pompano Beach location, close to beaches, restaurants, shopping, and major transportation.
- No assessments due and 40/50 Year Certification completed.
- Impact windows and doors provide enhanced safety and energy efficiency.
Local Financial Insights For Apartment 5plus
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 | $22.4k | $29.40 |
| − Vacancy | −$1.1k | −$1.47 |
| EGI | $21.3k | $27.93 |
| − OpEx | −$9.6k | −$12.57 |
| NOI | $11.7k | $15.36 |
763 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$167.4K
$146.5K – $195.4K
NOI $11,721 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.6K
$260.4K – $347.2K
NOI $20,830 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
A Better World Immigration ...
Immigration & Naturalization Service
Carriage Light Condominiums
Condominium Complex
Top Notch Boat ...
(Bike/Boat/Book/etc) Store
Carolina Gutierrez Photography
Photography Service
Thail's Cleaning Service
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Renovated 2-bedroom condo with modern amenities and convenient location.
Where is this residential income property located?
The property is located at 1021 NE 24th Avenue 4 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Prime Pompano Beach location, close to beaches, restaurants, shopping, and major transportation.; No assessments due and 40/50 Year Certification completed.; Impact windows and doors provide enhanced safety and energy efficiency.
