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Property profile

0 13Th Ct Pompano Beach, FL 33060

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 21,988 square foot residential land parcel in desirable Pompano Beach, Florida, presents a remarkable investment opportunity. Located in Broward County, at SW 13th Ct, 33060, this property boasts an R-4 zoning designation, offering a multitude of development possibilities. The parcel comprises three contiguous lots, identified by APN 4942 02 01 0210, and was previously zoned B-3. Currently, two single-family homes sit on the land, featuring recently installed new roofs and impact windows. One home also has a new HVAC system and water heater, requiring only interior renovations for immediate rental income generation. The property includes expansive side and back yards, along with ample garage and storage space. A recent appraisal valued the property at $1,000,000 as-is on November 15, 2023. An adjacent approximately 6,000 square foot lot may be available for assemblage, potentially increasing the total land size to approximately 27,990 square feet. This presents a unique chance to capitalize on the thriving Pompano Beach real estate market, whether through renovation and rental, complete redevelopment, or strategic assemblage. The property's location and zoning provide significant flexibility for a variety of residential projects.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
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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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