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Property profile

216 12Th St Pompano Beach, FL 33060

OFF-MARKET
Apartment buildings
Built 1991
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Property summary

AI-generated overview

This exceptional Pompano Beach investment opportunity presents a well-maintained duplex at 216 NW 12th St, 33060, Broward County, Florida. Built in 1991, this single-story property boasts a desirable layout featuring a 4/2 unit, a 2/1 unit, and a 1/1 unit, offering a total of seven bedrooms and four bathrooms. The property is currently configured as a three-unit building but has the potential for conversion into a four-unit building due to the presence of four separate meters. Recent upgrades include a new roof, fresh paint, and accordion shutters, ensuring both aesthetic appeal and protection. Ample parking is available for all tenants. A significant added benefit is an on-site coin-operated laundry facility generating a monthly income of $500. All current tenants are under lease agreements. This property is being offered for sale at $785,000. An adjacent property at 220 NW 12th St, containing additional units, is available as a package deal, potentially expanding the investment portfolio to a total of eight units. This turnkey investment presents a compelling opportunity for immediate income generation and future growth. The property's location in Pompano Beach, Florida, offers convenient access to local amenities and a strong rental market.

Property profile

Verified
Property type Apartment buildings
Year built 1991

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

216 12Th St Pompano Beach, FL 33060
Pompano Beach metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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