Duplex with Private Laundry
309 SE 12th Ave Pompano Beach, FL 33060
309 SE 12th Ave, Pompano Beach, FL, 33060
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For Sale
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Two-unit duplex with private laundry, upgraded kitchens, and ample backyard space at 309 SE 12th Ave.
Property Size2,280 SF
Price / SF$337.28
Days on Market96
Property Features for 309 SE 12th Ave
General Information
- Standard status
- Active
- Size
- 2,280 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1969
Listing agency
Floridian Realty Corp.
(954) 888-8427
Listed by
Daniela La Gamma · License #3466748
Source
Crexi
Added: Apr 18 Updated: Jul 20 at 7:43PM Checked: Jul 20 at 7:43PM
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 Floridian Realty Corp.
Investment Insights
Based on property information with market context.
This duplex offers two separate rental units with private laundry facilities and upgraded kitchens. Unit 1 is configured with 2 bedrooms and 1 bathroom, while Unit 2 features 3 bedrooms and 2 bathrooms. The property also includes ample backyard space, and one bedroom configuration supports a hassle-free conversion to a triplex, with a private entrance included as described.
The property is located at 309 SE 12th Ave in Pompano Beach and is stated to be less than two miles from the beach. Public remarks also note proximity to an underway $2 billion downtown revitalization project.
According to the public remarks, the property has no HOA and no rental restrictions. It is being offered for sale as a residential income duplex with an option to reconfigure to three units based on the existing private entrance setup.
The property is located at 309 SE 12th Ave in Pompano Beach and is stated to be less than two miles from the beach. Public remarks also note proximity to an underway $2 billion downtown revitalization project.
According to the public remarks, the property has no HOA and no rental restrictions. It is being offered for sale as a residential income duplex with an option to reconfigure to three units based on the existing private entrance setup.
Key Highlights
- Duplex built in 1969 with no HOA and no rental restrictions
- Unit 1 has 2 bedrooms and 1 bathroom
- Unit 2 has 3 bedrooms and 2 bathrooms
Local 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 | $57.5k | $25.20 |
| − Vacancy | −$3.0k | −$1.31 |
| EGI | $54.5k | $23.89 |
| − OpEx | −$16.3k | −$7.17 |
| NOI | $38.1k | $16.72 |
2,280 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.7K
$476.6K – $635.5K
NOI $38,128 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$500.3K
$437.8K – $583.7K
NOI $35,024 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$889.2K
$778.1K – $1.04M
NOI $62,244 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with private laundry, upgraded kitchens, and ample backyard space at 309 SE 12th Ave.
Where is this duplex located?
The property is located at 309 SE 12th Ave Pompano Beach, FL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Duplex built in 1969 with no HOA and no rental restrictions; Unit 1 has 2 bedrooms and 1 bathroom; Unit 2 has 3 bedrooms and 2 bathrooms
