Triplex with Efficiency
New
For Sale
$625,000
904 NE 10TH Avenue, Pompano Beach, FL 33060
A three-year lease includes annual rent increases, while the tenant covers utilities and interior maintenance.
Property Size2,110 SF
Price / SF$296.21
Days on Market4
Property Features for 904 NE 10TH Avenue
General Information
Standard status
Active
Size
2,110 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA, 1 x efficiency
Multifamily Units
3
Additional Details
Gross Income
$51,600
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$12,349
Building Details
Building Size
2,110 SF
Year Built
1962
Listing Agency:
The Agency Florida LLC
Listed By:
Daniel VanBronkhorst · License #3379273
(954) 552-6619
Source:
Pamandtoni
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 5:57PM
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 The Agency Florida LLC
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Investment Insights
Based on property information with market context.
This 2,110-square-foot triplex was built in 1962 and is arranged as two 2-bedroom, 1-bathroom units plus an efficiency. The efficiency may be combined with either apartment to create a 3-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit, subject to approvals.
The property is in Pompano Beach near shopping, restaurants, and the beach. A three-year lease is in place with 3% annual rent escalations; the tenant pays utilities and handles interior maintenance.
The property is in Pompano Beach near shopping, restaurants, and the beach. A three-year lease is in place with 3% annual rent escalations; the tenant pays utilities and handles interior maintenance.
Key Highlights
- 2,110‑square‑foot triplex built in 1962
- Two 2BR/1BA apartments plus an efficiency
- Three‑year lease with 3% annual rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,285
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,700
$705.7K
Cap Rate 7%
$504,071
$504.1K
Cap Rate 9%
$392,056
$392.1K
Market Conditions
NOI Build-Up for 2,110 SF
Gross rent
$53.2K $25.20/SF
− Vacancy
−$2.8K −$1.31/SF
EGI
$50.4K $23.89/SF
− OpEx
−$15.1K −$7.17/SF
NOI
$35.3K $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%
$705,700
Cap Rate 7%
$504,071
Cap Rate 9%
$392,056
Alternative Uses
Best Use
Multifamily LT 5
$504.1K
$441.1K – $588.1K
NOI $35,285 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$463.0K
$405.2K – $540.2K
NOI $32,413 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$822.9K
$720.0K – $960.1K
NOI $57,603 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,257
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?
Triplex - A three-year lease includes annual rent increases, while the tenant covers utilities and interior maintenance.
Where is this triplex located?
The property is located at 904 NE 10TH Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,110‑square‑foot triplex built in 1962; Two 2BR/1BA apartments plus an efficiency; Three‑year lease with 3% annual rent escalations
