Attention investors and owner-users! Prime investment opportunity with a well-maintained triplex in Pompano Beach. This 2,327 sq. ft. property on a 6,001 sq. ft. lot features three 2-bedroom, 1-bathroom units. Located near Atlantic Blvd., it offers easy access to shopping, dining, and entertainment. The neighborhood is rapidly redeveloping, boosting its investment potential with an actual NOI of $22,041 and a projected NOI of $39,480. With an actual cap rate of 3.15 % and a projected cap rate of 5.65%, this property is zoned RD-1 and has been extensively improved since 2012. The area has strong demographics, with a population of 17,068 and an average household income of $85,373 within a 1-mile radius, ensuring reliable tenant demand and rental rates.
Sold for $680,000
$680,000
221 SE 11th Ave, Pompano Beach, FL 33060
6beds
3baths
2,327sqft
Triplex
Built in 1970
-- sqft lot
$1,004,200 Zestimate®
$292/sqft
$3,208 Estimated rent
Home value
$1,004,200
$954,000 - $1.05M
$3,208/mo
Zestimate® history
Owner options
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$3,208/mo
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$3,208/mo
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$4,776/mo
Est. payment
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$4,776/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Barry Zeidel 954-245-1696,
Klein Morgan Realty LLC,
William Murphey 954-249-8300,
Klein Morgan Realty LLC
Bought with:
Genesis Duarte
JC Realty Group Inc.
Source: MIAMI,MLS#: A11635028
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Ceramic Tile
- Windows: Blinds
Interior area
- Total structure area: 2,327
- Total interior livable area: 2,327 sqft
Property
Parking
- Total spaces: 5
Features
- Stories: 1
Lot
- Features: Less Than 1/4 Acre Lot
Details
- Parcel number: 494201030260
- Zoning: TO-EOD
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Triplex
Materials
- CBS Construction
- Roof: Shingle
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & HOA
Community
- Subdivision: Ocean Drive Estates
HOA
- Has HOA: No
Location
- Region: Pompano Beach
Financial & listing details
- Price per square foot: $292/sqft
- Annual tax amount: $8,797
- Date on market: 8/6/2024
- Listing terms: All Cash,Conventional
- Total actual rent: 50697
Price history
| Date | Event | Price |
|---|---|---|
| 11/18/2024 | Sold | $680,000-2.7%$292/sqft |
Source:  MIAMI #A11635028 Report a problem | ||
| 9/19/2024 | Contingent | $699,000$300/sqft |
Source: MIAMI #A11635028 Report a problem | ||
| 9/19/2024 | Pending sale | $699,000$300/sqft |
Source: MIAMI #A11635028 Report a problem | ||
| 8/22/2024 | Price change | $699,000-6.7%$300/sqft |
Source: MIAMI #A11635028 Report a problem | ||
| 8/6/2024 | Listed for sale | $749,000+353.9%$322/sqft |
Source: MIAMI #A11635028 Report a problem | ||
| 8/9/2019 | Listing removed | $1,300$1/sqft |
Source: White Pine Lane III LLC Report a problem | ||
| 6/23/2019 | Listed for rent | $1,300+4%$1/sqft |
Source: White Pine Lane III LLC Report a problem | ||
| 7/18/2018 | Listing removed | $1,250$1/sqft |
Source: RealShout Report a problem | ||
| 6/25/2018 | Price change | $1,250-3.8%$1/sqft |
Source: RealShout Report a problem | ||
| 5/15/2018 | Listed for rent | $1,300$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/28/2012 | Sold | $165,000$71/sqft |
Source:  BeachesMLS #F1173981 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Snug Harbor
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Nearby schools
GreatSchools rating
- 8/10McNab Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 5/10Pompano Beach Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Blanche Ely High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$1,004,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,004,200
- Florida
- Broward County
- Pompano Beach
- 33060
- Snug Harbor
- 221 SE 11th Ave
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