220 12Th St Pompano Beach, FL 33060
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 220 12Th St
- Year built
- 1985
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a fourplex located at 220 NW 12th St, Pompano Beach, Florida, 33060, in Broward County. Built in 1985, this single-story building offers a mix of unit sizes: two 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units. Currently, three of the four units are occupied under existing leases, providing immediate rental income. One unit is vacant, allowing for flexibility and potential for increased revenue. The property boasts a recently installed roof and accordion shutters for added protection and peace of mind. Ample tenant parking is available. A significant added benefit is an on-site coin-operated laundry facility generating a monthly income of $500. This property is priced at $885,000 and presents a strong return on investment. Note that the adjacent property at 216 NW 12th St, also available for purchase, offers an opportunity to acquire a total of eight units as a package deal. This is a rare chance to acquire a well-maintained multifamily property in a desirable location with proven rental income and significant upside potential. Don't miss this chance to expand your investment portfolio.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1259
- Latitude
- 26.2425
