Technical
Financial
Distress signals
Property profile

216 12Th St Pompano Beach, FL 33060

OFF-MARKET
Apartment buildings
Built 1991
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Property summary

AI-generated overview

This exceptional Pompano Beach investment opportunity presents a meticulously maintained 1-story duplex, built in 1991, located at 216 NW 12th St, 33060. Currently configured as a 4/2, 2/1, and 1/1 unit layout, this property offers significant income potential. The property features four separate meters, allowing for easy conversion into a four-unit building, maximizing rental income. Recent upgrades include a new roof, fresh paint, and accordion shutters, ensuring long-term value and reduced maintenance costs. 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. A unique opportunity exists to purchase the adjacent property at 220 NW 12th St, creating a portfolio of seven (potentially eight) units. This combined package presents a compelling investment opportunity for astute buyers seeking immediate cash flow and significant long-term growth potential in a desirable Broward County location.

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

Location

216 12Th St Pompano Beach, FL 33060
Pompano Beach metro
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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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