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JUST REDUCED: $599,500

Triplex in Pompano Beach

Prime Investment Opportunity in the Heart of Pompano Beach!

Welcome to an exceptional investment opportunity right in the heart of Pompano Beach! This property is situated in a robust rental area, conveniently close to I-95, with easy access to the TPKE and US-1. Whether you’re an experienced investor or just starting your portfolio, this property holds enormous potential.

Each unit has its own yard space with a back door, and the 2-bed unit has the potential to have a large private yard for value and additional income.

Key Highlights:

  • Income-Generating Potential: This property consists of two 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit. Currently, two of the units are occupied by long-term tenants, while the 2-bedroom unit recently secured a new tenant at increased rents. This diverse rental mix ensures a stable income stream.
  • Room for Growth: While the property is already producing a steady income, there is ample potential for increased revenue as improvements are made. The property’s condition is well-maintained, but a touch of TLC could elevate its appeal and rental value.
  • Solid Infrastructure: The property’s roof is in excellent condition, providing peace of mind for maintenance costs in the near future. Additionally, the property offers plenty of parking, making it convenient for tenants.
  • Tranquil Neighborhood: Located in a peaceful and welcoming neighborhood, this property offers a serene environment for tenants. It’s an ideal setting for attracting and retaining renters.
  • Important Note: Currently, all units are occupied. To respect the Seller’s request, showings of units will be scheduled after receiving offers and proof of funds. Drive-bys to view the exterior are welcome, but kindly refrain from walking the property without prior permission from the listing agent or the Seller.

For additional details, please refer to the attachments provided. This investment opportunity represents a solid foundation for your real estate portfolio. Don’t miss the chance to capitalize on the potential of this property. Contact us today to take the next step in securing this prime investment in Pompano Beach!

With a small investment of $3,000-5,000 or so so per unit, we believe that rents can be reasonably increased to create a much stronger income.  The 2-bed unit in the rear can have a large fenced-in yard; all units have their own yard spaces.  See additional financials here.

Property Address

Address : 500 SW 2nd St, Pompano Beach, FL 33060
City : Pompano Beach
State : Florida
Zip Code : 33060

Investment Highlights

Highlight : Prime Rental Market
Highlight : Quiet Neighborhood

Sale Details

Status : FOR SALE
Sale Type : Investment
List Price : JUST REDUCED: $599,500
Gross Income : $52,200.00
NOI : $42,637.00
Cap Rate (%) : 6.7%
Sale Notes

This is a fabulous investment property in the heart of Pompano Beach! Solid rental area close to I-95 with easy access to the TPKE and US-1.

Property Information & Details

Property Type : Multifamily/Rental Apartments
Style : Low-rise
Building Status : Existing
Number of Buildings : 1
Number of Units : 3
GBA : 2700
Occupancy : 100%
Number of Floors : 1
Year Built : 1973
Metering : Individual
Elevators : No
Parking Spaces : 5
Lot Size : 6,526 SqFt
Zoning : RM
APN / Parcel ID : 494202021674

Unit Mix & Features

Unit Mix

Two 1-bed/1-bath units, One 2-bed/1bath

Financial Information

Year : 2023
Gross Rental Income : $52,200.00
Effective Gross Income : $52.200
RE Tax : $5,363
Operating Expense Summary : $9,552
Total Expenses : $9,552
NOI : $42,637.00


Property Features

24 Hour Access
On-site Parking


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Bram Leland Scolnick
Licensed Real Estate Broker
BK3548771 📞 954.302.6368
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