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    2494 5Th St Pompano Beach, FL 33069

    For Sale
    $525,000

    Renovated Triplex, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This attractive three-unit apartment building in Pompano Beach, Florida presents a compelling investment opportunity. Located at 2494 NW 5th St, 33069, this single-story, 1975-built triplex offers immediate income potential. The property boasts recently updated key systems, including a new roof, new air conditioning units, and new electrical panels, minimizing immediate capital expenditure needs. This significantly reduces the risk associated with typical multifamily investments. The property's clean core is ready for cosmetic renovations to further enhance rental income and property value. The convenient lockbox access allows for easy showings, facilitating a swift transaction. Each of the three units provides a comfortable living space, contributing to a strong rental income stream. The property's location in Broward County offers easy access to local amenities and transportation networks. This turnkey investment is ideal for both seasoned and first-time multifamily investors seeking a profitable venture in a desirable South Florida market. A vacant lot adjacent to the property is also available for purchase, presenting an additional development opportunity (see MLS#A11674903 for details). This package deal offers significant potential for long-term growth and return on investment.

    Property Features for 2494 5Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1975
    Stories
    1
    Units
    3

    HighLights

    • $525,000 asking price.
    • Three‑unit multifamily apartment building (triplex).
    • Built in 1975, one‑story construction.
    • Located at 2494 NW 5th St, Pompano Beach, FL 33069, Broward County.
    • Features a new roof, new AC, and new electrical panels.
    • Easy to show with lockbox access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1565785
    Latitude
    26.2359639

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    FAQs

    What type of property is this?
    Multifamily property - Renovated Triplex, Prime Location
    Where is this multifamily property located?
    The property is located at 2494 5Th St Pompano Beach, FL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: $525,000 asking price.; Three-unit multifamily apartment building (triplex).; Built in 1975, one-story construction.
    Request Owner's contact information
    2494 5Th St Pompano Beach, FL 33069
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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
    2494 5Th St Pompano Beach, FL 33069
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