Built-in-2005 Duplex
911 NE 12th Avenue Pompano Beach, FL 33060
For Sale
Contact for pricing
Duplex built in 2005 with two identical units, including one occupied and one vacant for immediate use.
Property Size2,204 SF
Price / SF$351.63
Days on Market123
Property Features for 911 NE 12th Avenue
General Information
- Standard status
- Active
- Size
- 2,204 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2005
Listing Agency:
Home Advantage
Listed By:
Maximilian Fernandez · License #3260045
Source:
Crexi
Added: Mar 23
Changed: Jul 23
Last Checked: Jul 23 at 6:15AM
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 Home Advantage
Investment Insights
Based on property information with market context.
This newly built duplex was completed in 2005 and offers two identical units designed for straightforward management. One unit is currently occupied, while the second unit is vacant and ready for market rent or owner occupancy. The property is set on an elevated lot intended to help reduce flood risk, and it features impact-resistant windows and doors throughout.
Located at 911 NE 12th Avenue in Pompano Beach, Florida, the duplex is described as being about 10 minutes from the beach within a fast-growing area.
The overall configuration supports a simple owner/investor setup with two like-for-like residences under one roof line, each capable of operating independently for rental or occupancy purposes.
Located at 911 NE 12th Avenue in Pompano Beach, Florida, the duplex is described as being about 10 minutes from the beach within a fast-growing area.
The overall configuration supports a simple owner/investor setup with two like-for-like residences under one roof line, each capable of operating independently for rental or occupancy purposes.
Key Highlights
- Duplex built in 2005 with two identical units for straightforward management
- One unit is currently occupied and the other is vacant, ready for market rent or owner occupancy
- Elevated lot to help reduce flood risk
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 | $55.5k | $25.20 |
| − Vacancy | −$2.9k | −$1.31 |
| EGI | $52.7k | $23.89 |
| − OpEx | −$15.8k | −$7.17 |
| NOI | $36.9k | $16.72 |
2,204 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$526.5K
$460.7K – $614.3K
NOI $36,857 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$483.7K
$423.2K – $564.3K
NOI $33,857 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$859.6K
$752.1K – $1.00M
NOI $60,169 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex built in 2005 with two identical units, including one occupied and one vacant for immediate use.
Where is this duplex located?
The property is located at 911 NE 12th Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Duplex built in 2005 with two identical units for straightforward management; One unit is currently occupied and the other is vacant, ready for market rent or owner occupancy; Elevated lot to help reduce flood risk
