200 14Th St Pompano Beach, FL 33060
- Commercial real estate
- 3,246 SF
Current Use by Public Records
- Commercial real estate
Property Details for 200 14Th St
- Year built
- 1985
- Property size
- 3,246 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a five-unit residential building located at 200 NW 14th Street, Pompano Beach, Florida, 33060. The property, built in 1985, boasts a total of 3,246 square feet and features four two-bedroom, one-bathroom units currently rented at $1,400 per month each, and one one-bedroom, one-bathroom unit rented at $1,228 per month. All units are currently occupied, providing immediate cash flow. Significant recent upgrades enhance the property's value and appeal, including new HVAC systems installed in 2023 and remodeled bathrooms completed in the same year. The property also benefits from city water and sewer services and five separate electric meters. Interior upgrades vary by unit. Importantly, current rental rates are below market value, and four of the five tenants are on month-to-month leases, presenting a potential for increased rental income. An adjacent identical five-unit building at 210 NW 14th Street is also available for purchase, offering the potential for a larger, ten-unit portfolio. This is a prime opportunity to acquire a strong, cash-flowing multifamily asset in a desirable location. Please respect tenant privacy and refrain from disturbing them. The asking price for this property is $889,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1252936
- Latitude
- 26.2447356
