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Property profile & analytics
OFF-MARKET
Small apartment buildings

2494 5Th St Pompano Beach, FL 33069

Built 1975
Property ID
US18-2467518
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Small apartment buildings
Year built 1975
UPID US18-2467518
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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