Updated Fourplex in Pompano
For Sale
$1,090,000
216 NW 12th St, Pompano Beach, FL 33060
Renovated fourplex with modern finishes and convenient location.
Property Size2,847 SF
Days on Market186
Property Features for 216 NW 12th St
General Information
Standard status
Active
Size
2,847 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$14,075
Building Details
Building Size
2,847 SF
Year Built
1991
Stories
1
Listing Agency:
First Pro International Rlty
Listed By:
Melanie Laugisch
(786) 715-5906
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 24 at 4:47PM
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 First Pro International Rlty
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Investment Insights
Based on property information with market context.
This updated fourplex is located in an area with a bike score of 73, indicating it is very bikeable, and a walk score of 75, suggesting it is very walkable. The transit score is 38, indicating some transit options are available. All units have been completely renovated and feature quartz countertops, backsplash, and stainless steel appliances. New waterproof vinyl wood floors have been installed throughout each unit, complemented by new paint in light, neutral colors inside and outside. Each room includes 6-foot baseboards. The property provides one parking spot for each unit. A common laundry room is available, equipped with two washers and dryers. A 24-hour security camera system is in place, along with sensor lights around the property. This property is intended for use as a residential income property.
Key Highlights
- Fully renovated units featuring quartz countertops, backsplash, stainless steel appliances, and waterproof vinyl wood floors.
- Fourplex property, ideal for investors.
- Enhanced security with a 24‑hour security camera system and sensor lights.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,610
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,200
$952.2K
Cap Rate 7%
$680,143
$680.1K
Cap Rate 9%
$529,000
$529.0K
Market Conditions
NOI Build-Up for 2,847 SF
Gross rent
$71.7K $25.20/SF
− Vacancy
−$3.7K −$1.31/SF
EGI
$68.0K $23.89/SF
− OpEx
−$20.4K −$7.17/SF
NOI
$47.6K $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%
$952,200
Cap Rate 7%
$680,143
Cap Rate 9%
$529,000
Alternative Uses
Best Use
Multifamily LT 5
$680.1K
$595.1K – $793.5K
NOI $47,610 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$624.8K
$546.7K – $728.9K
NOI $43,734 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.11M
$971.5K – $1.30M
NOI $77,723 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,754
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Renovated fourplex with modern finishes and convenient location.
Where is this quadplex located?
The property is located at 216 NW 12th St Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Fully renovated units featuring quartz countertops, backsplash, stainless steel appliances, and waterproof vinyl wood floors.; Fourplex property, ideal for investors.; Enhanced security with a 24‑hour security camera system and sensor lights.
