216 12Th St, Pompano Beach, FL 33060
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.