800 13Th Ct Pompano Beach, FL 33060

This exceptional value-add investment opportunity in Pompano Beach, Florida, presents a compelling chance to capitalize on the thriving rental market. Located at 800 SW 13th Ct, 33060, this property encompasses two single-family homes situated on a sizable 21,988 square foot lot (APN: 4942 02 01 0210), zoned R-4. The property features two one-story buildings, each with its own unit, built in 1950. Recent improvements include new roofs and impact windows, along with a new HVAC system and water heater in one of the homes. The interior requires completion of renovations to maximize rental income. Beyond the homes themselves, the property boasts expansive side and back yards, plus significant garage and storage space. The property's versatility extends to the possibility of demolition and new construction, offering a wide range of development options. A recent appraisal valued the property at $1,000,000 as-is on November 15, 2023. An adjacent lot of approximately 6,000 square feet, potentially containing two additional units, may be available for assemblage, increasing the total land size to approximately 27,990 square feet. This presents a unique opportunity to expand the investment and further enhance its value. The asking price for this two-unit portfolio is $950,000, representing $475,000 per unit.