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    3024 2Nd St Pompano Beach, FL 33069

    For Sale
    $625,000

    Prime location, high rental income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents two adjacent triplexes in Pompano Beach, Florida, totaling six units, located at 3024 NW 2nd St, 33069. The properties, built in 1966, are being sold as a package deal for $625,000. The first triplex features three units: a 3/1 currently rented for $1,445 until June 25th, a vacant 2/1, and a 2/1 rented for $1,525 until March 25th. The second triplex also includes three units: a 3/1 rented for $1,850 until September 25th, a 2/1 rented for $1,725 until September 25th, and a 2/1 rented for $1,700 until March 25th. The city mandates 24/7 security cameras. There is a current AC violation from a prior purchase. Most AC units are from 2018-2020, and most water heaters are from 2017-2021. The roof was installed in 2006. Showings are by appointment only with an accepted offer. Please do not disturb tenants. This is a single-story building representing a strong cash flow opportunity for the savvy investor. This is an "as is" sale.

    Property Features for 3024 2Nd St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1966
    Stories
    1

    HighLights

    • $625,000 asking price.
    • Multifamily property, specifically a triplex.
    • Located at 3024 NW 2nd St, Pompano Beach, FL 33069.
    • Built in 1966, one‑story building.
    • Sold as‑is; requires buyer to purchase two adjacent triplexes as a package deal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1645753
    Latitude
    26.2330592

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, high rental income potential.
    Where is this multifamily property located?
    The property is located at 3024 2Nd St 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: $625,000 asking price.; Multifamily property, specifically a triplex.; Located at 3024 NW 2nd St, Pompano Beach, FL 33069.
    Request Owner's contact information
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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
    3024 2Nd St Pompano Beach, FL 33069
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