Updated
New
For Sale
$499,900
711 SW 7th Street #1-2, Pompano Beach, FL 33060
Both residences have central air conditioning and separate electric meters.
Property Size1,696 SF
Price / SF$294.75
Days on Market3
Property Features for 711 SW 7th Street #1-2
General Information
Standard status
Active
Size
1,696 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
RM-20
Occupancy
100%
Units
Unit Mix
2 x 2/1
Multifamily Units
2
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$6,041
Amenities
central A/C
Building Details
Building Size
1,696 SF
Year Built
1969
Stories
1
Tenancy
Multi
Listing Agency:
Bank On It Realty
Listed By:
Eugene J Schroeder · License #687483
(954) 816-4363
Source:
Laerrealty
Added: Oct 24
Last Checked: Oct 24 at 3:31PM
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 Bank On It Realty
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Investment Insights
Based on property information with market context.
Built in 1969, this 1,696-square-foot duplex contains two 2-bedroom, 1-bathroom residences. Both units have central air conditioning, individual electrical meters, and updated finishes. Each residence is currently occupied by a long-term tenant, and property management is available for continued use if desired.
The property is zoned RM-20 and is located at 711 SW 7th Street in Pompano Beach, Florida.
The property is zoned RM-20 and is located at 711 SW 7th Street in Pompano Beach, Florida.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units; both currently rented to long‑term tenants
- 1,696 square feet total
- Central air conditioning in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,362
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,240
$567.2K
Cap Rate 7%
$405,171
$405.2K
Cap Rate 9%
$315,133
$315.1K
Market Conditions
NOI Build-Up for 1,696 SF
Gross rent
$42.7K $25.20/SF
− Vacancy
−$2.2K −$1.31/SF
EGI
$40.5K $23.89/SF
− OpEx
−$12.2K −$7.17/SF
NOI
$28.4K $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%
$567,240
Cap Rate 7%
$405,171
Cap Rate 9%
$315,133
Alternative Uses
Best Use
Multifamily LT 5
$405.2K
$354.5K – $472.7K
NOI $28,362 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$372.2K
$325.7K – $434.2K
NOI $26,053 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$661.4K
$578.8K – $771.7K
NOI $46,301 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,769
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have central air conditioning and separate electric meters.
Where is this duplex located?
The property is located at 711 SW 7th Street #1-2 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; both currently rented to long‑term tenants; 1,696 square feet total; Central air conditioning in each unit
