216 12Th St Pompano Beach, FL 33060
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 216 12Th St
- Year built
- 1991
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
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.
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
- -80.1258
- Latitude
- 26.2425
