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    Apartment buildings

    216 12Th St, Pompano Beach, FL 33060

    Built 1991
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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