Duplex with In-Unit
New
For Sale
$587,000
350 NE 25th Court, Pompano Beach, FL 33064
Two residences are fully leased, with additional income generated on the property.
Property Size1,341 SF
Price / SF$437.73
Days on Market4
Property Features for 350 NE 25th Court
General Information
Standard status
Active
Size
1,341 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RS-3
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$55,800
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$9,363
Amenities
laundry closets
Building Details
Building Size
1,341 SF
Year Built
1984
Stories
1
Tenancy
Multi
Listing Agency:
Real Estate Sales Force
Listed By:
Michael R Kelly · License #3030264
(954) 821-2121
Source:
Laerrealty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 23 at 4:08AM
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 Real Estate Sales Force
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Investment Insights
Based on property information with market context.
Located in Pompano Beach, this 1,341-square-foot duplex contains two 2-bedroom, 1-bathroom residences. Both units are fully rented, and the property has three leases in place, including an additional income component. Each residence has an exterior laundry closet with a full-size washer and dryer.
The building was constructed in 1984 and includes two electric meters, one water meter, and four parking spaces. Ceramic tile and laminate flooring run throughout, and accordion shutters are installed across the property.
The building was constructed in 1984 and includes two electric meters, one water meter, and four parking spaces. Ceramic tile and laminate flooring run throughout, and accordion shutters are installed across the property.
Key Highlights
- Two 2‑bedroom, 1‑bathroom residences; both are fully rented
- Three leases in place, including additional property income
- 1,341 square feet; built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,425
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,500
$448.5K
Cap Rate 7%
$320,357
$320.4K
Cap Rate 9%
$249,167
$249.2K
Market Conditions
NOI Build-Up for 1,341 SF
Gross rent
$33.8K $25.20/SF
− Vacancy
−$1.8K −$1.31/SF
EGI
$32.0K $23.89/SF
− OpEx
−$9.6K −$7.17/SF
NOI
$22.4K $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%
$448,500
Cap Rate 7%
$320,357
Cap Rate 9%
$249,167
Alternative Uses
Best Use
Multifamily LT 5
$320.4K
$280.3K – $373.8K
NOI $22,425 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$294.3K
$257.5K – $343.3K
NOI $20,600 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$523.0K
$457.6K – $610.2K
NOI $36,609 @ 7.0% cap · market cap 6.24%
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
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 33064, FL
62,429
Population
26,641
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
82%
High-School Grad
10.2 sq mi
ZIP Area
6,120
Density / Sq Mi
$66,269
Median Household Income
$35,090
Median Earnings
$1,689
Median Rent
$293,100
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?
Duplex - Two residences are fully leased, with additional income generated on the property.
Where is this duplex located?
The property is located at 350 NE 25th Court Pompano Beach, FL.
What is the asking price?
The asking price for this property is $587,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom residences; both are fully rented; Three leases in place, including additional property income; 1,341 square feet; built in 1984
