3020 2Nd St Pompano Beach, FL 33069
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 3020 2Nd St
- Year built
- 1966
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a fully leased, three-unit apartment building located at 3020 NW 2nd St, Pompano Beach, Florida, 33069. Built in 1966, this single-story property boasts a strong rental history, generating a substantial annual income of $67,200 ($5,600 monthly). The property comprises three units: one three-bedroom, one-bathroom unit renting for $2,000 per month, and two two-bedroom, one-bathroom units each renting for $1,800 per month. All units feature updated bathrooms and tile flooring. Tenants are responsible for their own electricity, while water is divided equally among the three units (40/30/30 split). The property's roof is certified to have a remaining lifespan of over five years. This turnkey investment is priced at $620,000 and offers a compelling return on investment. Please note that tenants should not be disturbed. This is a prime opportunity for an investor seeking a stable and profitable multifamily property in a desirable location. The property is situated in Broward County and offers easy access to Pompano Beach's amenities and attractions. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving market.
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
- -80.164428
- Latitude
- 26.2330405
