2494 5Th St Pompano Beach, FL 33069
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 2494 5Th St
- Year built
- 1975
- Property type
- Small apartment buildings
Description
This attractive three-unit apartment building in Pompano Beach, Florida presents a compelling investment opportunity. Located at 2494 NW 5th St, 33069, this single-story, 1975-built triplex offers immediate income potential. The property boasts recently updated key systems, including a new roof, new air conditioning units, and new electrical panels, minimizing immediate capital expenditure needs. This significantly reduces the risk associated with typical multifamily investments. The property's clean core is ready for cosmetic renovations to further enhance rental income and property value. The convenient lockbox access allows for easy showings, facilitating a swift transaction. Each of the three units provides a comfortable living space, contributing to a strong rental income stream. The property's location in Broward County offers easy access to local amenities and transportation networks. This turnkey investment is ideal for both seasoned and first-time multifamily investors seeking a profitable venture in a desirable South Florida market. A vacant lot adjacent to the property is also available for purchase, presenting an additional development opportunity (see MLS#A11674903 for details). This package deal offers significant potential for long-term growth and return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1565785
- Latitude
- 26.2359639
