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    OFF-MARKET
    Small apartment buildings

    461 1St Ave, Pompano Beach, FL 33060

    2,970 SF Built 1965
    Property ID
    US18-3650933
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a meticulously maintained duplex located in the desirable Garden Isles section of Pompano Beach, Florida. The property, built in 1965, comprises two units totaling 2,970 square feet on a single story. Unit 1, a beautifully furnished 3-bedroom, 2-bathroom unit, features a newly updated kitchen with stainless steel appliances, a dining room, a large laundry room with washer/dryer, a gym, and a billiard/Florida room. Currently operating as an Airbnb, this unit offers significant short-term rental potential. Unit 2, a 2-bedroom, 2-bathroom unit, also includes a well-appointed kitchen and a washer/dryer. It is currently leased on a short-term basis for $2,800 per month until early 2025, providing immediate cash flow. The property boasts rare terrazzo flooring throughout both units, two newer air conditioning systems, and separate electric meters for efficient utility management. Outdoor amenities include a pool with a wooden deck, a convenient Tesla charger, and a private fenced backyard with a shed. Its prime location offers easy access to restaurants, a playground/park, major highways, and is within three miles of the beach and various houses of worship. This duplex represents a compelling investment opportunity with strong rental income and significant upside potential in a highly sought-after Pompano Beach neighborhood. The address is 461 SE 1st Ave, Pompano Beach, FL 33060. Asking price is $899,000.

    Property profile
    Verified
    Property type Small apartment buildings
    Year built 1965
    Total area 2,970 SF
    UPID US18-3650933
    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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