Solar-Powered Income
1885 NE 53rd Street Pompano Beach, FL 33064
New
For Sale
$539,900
Two detached residential units on one lot include a legal efficiency unit and a full solar power system.
Property Size2,009 SF
Price / SF$268.74
Days on Market6
Property Features for 1885 NE 53rd Street
General Information
- Standard status
- Active
- Size
- 2,009 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1955
Listing Agency:
United Realty Group Inc
(954) 243-8678
Listed By:
Roberto L Barreto · License #A11995995
(954) 243-8678
Source:
Lehmannflorida
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 25 at 3:13AM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This income-producing property features two detached living units on a single lot, designed to support separate living arrangements. The main home includes approximately 1,675 square feet, with 6 bedrooms and 2 bathrooms, and is currently rented. A rear separate efficiency unit includes approximately 240 square feet with 1 bedroom, 1 bathroom, and a full kitchen.
The property is located in East Pompano Beach just west of US-1, with shopping, beaches, and major highways nearby. A full solar power system is included and the public remarks state there is no electric bill.
The total stated rental income is $6,000 per month, with the main home generating $4,800 per month and the efficiency unit generating $1,200 per month. Showings are by appointment only and tenants should not be disturbed.
The property is located in East Pompano Beach just west of US-1, with shopping, beaches, and major highways nearby. A full solar power system is included and the public remarks state there is no electric bill.
The total stated rental income is $6,000 per month, with the main home generating $4,800 per month and the efficiency unit generating $1,200 per month. Showings are by appointment only and tenants should not be disturbed.
Key Highlights
- Two detached residential units on one lot, including a legal efficiency unit
- Main home: approx. 1,675 SF with 6 bedrooms and 2 bathrooms; currently rented for $4,800/month
- Rear efficiency unit: approx. 240 SF with 1 bedroom, 1 bathroom, and a full kitchen; currently rented for $1,200/month
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 | $50.6k | $25.20 |
| − Vacancy | −$2.6k | −$1.31 |
| EGI | $48.0k | $23.89 |
| − OpEx | −$14.4k | −$7.17 |
| NOI | $33.6k | $16.72 |
2,009 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$479.9K
$420.0K – $559.9K
NOI $33,596 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$440.9K
$385.8K – $514.4K
NOI $30,861 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$783.5K
$685.6K – $914.1K
NOI $54,846 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two detached residential units on one lot include a legal efficiency unit and a full solar power system.
Where is this duplex located?
The property is located at 1885 NE 53rd Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Two detached residential units on one lot, including a legal efficiency unit; Main home: approx. 1,675 SF with 6 bedrooms and 2 bathrooms; currently rented for $4,800/month; Rear efficiency unit: approx. 240 SF with 1 bedroom, 1 bathroom, and a full kitchen; currently rented for $1,200/month
