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    3405 Norfolk St Pompano Beach, FL 33062

    For Sale
    $2,400,000

    Prime Location, 4 Renovated Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional fourplex in desirable Hillsboro Shores, Pompano Beach, Florida, presents a lucrative investment opportunity. Located east of A1A, this 1-story, 1976-built property boasts four units, each featuring two bedrooms and two bathrooms, private laundry, and a patio. The meticulously landscaped, fenced property includes a heated pool, patio, and barbecue areas, enhancing its appeal to renters. All units have undergone complete renovations, incorporating impact windows and doors for enhanced security and energy efficiency. The entire complex operates on solar power, minimizing operating costs and maximizing environmental responsibility. Currently generating income as a short-term rental, the property enjoys a full booking schedule through May 2025, with all units receiving five-star reviews. The property is fully furnished and equipped to meet all guest needs, and all necessary short-term rental licenses are in place. A private beach membership is also available. The asking price for this turnkey investment is $2,400,000. Located at 3405 Norfolk St, Pompano Beach, FL 33062, this property offers a unique blend of location, amenities, and income potential. This is a rare opportunity to acquire a high-performing, well-maintained multifamily property in a highly sought-after area.

    Property Features for 3405 Norfolk St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1976
    Stories
    1
    Units
    4

    HighLights

    • $2,400,000 asking price for a fourplex in Pompano Beach, FL.
    • Four‑unit apartment building, each unit featuring 2 bedrooms and 2 bathrooms, private laundry, and patio.
    • 1976 construction, single‑story building with a heated pool, patio, and barbecue area.
    • Fully renovated with impact windows and doors, solar powered, and currently operating as a successful short‑term rental with bookings through May 2025.
    • Fully furnished and includes a private beach membership option.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Days by the Sea Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.0862478
    Latitude
    26.2591085

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    FAQs

    What type of property is this?
    Multifamily property - Prime Location, 4 Renovated Units
    Where is this multifamily property located?
    The property is located at 3405 Norfolk St Pompano Beach, FL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: $2,400,000 asking price for a fourplex in Pompano Beach, FL.; Four-unit apartment building, each unit featuring 2 bedrooms and 2 bathrooms, private laundry, and patio.; 1976 construction, single-story building with a heated pool, patio, and barbecue area.
    Request Owner's contact information
    3405 Norfolk St Pompano Beach, FL 33062
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    Pompano Beach, FL 33062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3405 Norfolk St Pompano Beach, FL 33062
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