516 2Nd Ct Pompano Beach, FL 33060
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 516 2Nd Ct
- Year built
- 1972
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This attractive fourplex in Pompano Beach, Florida, presents a compelling investment opportunity. Located at 516 SW 2nd Ct, 33060, this single-story, 1972-built property comprises four units: two one-bedroom, one-bathroom apartments; one additional one-bedroom, one-bathroom apartment; and a studio apartment. The property features a shared laundry room for tenant convenience. Three of the four units are currently rented on a month-to-month basis, generating a monthly income of $3,500. This provides immediate cash flow and flexibility for the new owner to adjust rental terms as needed. The roof was recently replaced in 2021, minimizing immediate maintenance concerns. This property is situated in Broward County and offers a strong potential for return on investment. The asking price is $562,000. Please respect the privacy of current tenants and refrain from disturbing them during showings. This is an excellent opportunity for investors seeking a stable, income-producing asset in a desirable Florida location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1338
- Latitude
- 26.2281
