Renovated
229 NW 12th Court, Pompano Beach, FL 33060
For Sale
$789,999
Three leased residences offer updated interiors and convenient access to beach, retail, dining, and major highways.
Property Size2,072 SF
Price / SF$381.27
Days on Market98
Property Features for 229 NW 12th Court
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Preferred Properties Int'l Rea
Listed By:
Tiwana D Holmes · License #3345100
(954) 825-6789
Source:
Pamandtoni
Added: Aug 2
Changed: Oct 31
Last Checked: Nov 6 at 6:23PM
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 Preferred Properties Int'l Rea
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Investment Insights
Based on property information with market context.
This renovated triplex contains three residences, each configured with two bedrooms and one bathroom. Interior improvements include remodeled kitchens with new cabinetry and countertops, refreshed bathrooms, updated flooring, and fresh paint. The property was built in 1985, and all units are currently leased.
The address is in Pompano Beach, with the beach, shopping, dining, and major highways located minutes away. Buildings 225, 229, 233, and 237 are available together as a package, providing an additional acquisition option for buyers evaluating multiple properties.
The address is in Pompano Beach, with the beach, shopping, dining, and major highways located minutes away. Buildings 225, 229, 233, and 237 are available together as a package, providing an additional acquisition option for buyers evaluating multiple properties.
Key Highlights
- Three‑unit triplex with 2 bedrooms and 1 bathroom per unit
- Renovated kitchens, bathrooms, flooring, and interior paint
- All units leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,649
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,980
$693.0K
Cap Rate 7%
$494,986
$495.0K
Cap Rate 9%
$384,989
$385.0K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$52.2K $25.20/SF
− Vacancy
−$2.7K −$1.31/SF
EGI
$49.5K $23.89/SF
− OpEx
−$14.8K −$7.17/SF
NOI
$34.6K $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%
$692,980
Cap Rate 7%
$494,986
Cap Rate 9%
$384,989
Alternative Uses
Best Use
Multifamily LT 5
$495.0K
$433.1K – $577.5K
NOI $34,649 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$454.7K
$397.9K – $530.5K
NOI $31,829 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$808.1K
$707.1K – $942.8K
NOI $56,566 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
721
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
$354,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Pompano Beach, FL
Properties on Market for Triplexes in Pompano Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three leased residences offer updated interiors and convenient access to beach, retail, dining, and major highways.
Where is this triplex located?
The property is located at 229 NW 12th Court Pompano Beach, FL.
What is the asking price?
The asking price for this property is $789,999.
What are key features of this property?
This property features: Three‑unit triplex with 2 bedrooms and 1 bathroom per unit; Renovated kitchens, bathrooms, flooring, and interior paint; All units leased
