For Sale
$785,000

216 12Th StPompano Beach, FL 33060

Turnkey Duplex, High Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Pompano Beach investment opportunity presents a meticulously maintained 1-story duplex, built in 1991, located at 216 NW 12th St, 33060. Currently configured as a 4/2, 2/1, and 1/1 unit layout, this property offers significant income potential. The property features four separate meters, allowing for easy conversion into a four-unit building, maximizing rental income. Recent upgrades include a new roof, fresh paint, and accordion shutters, ensuring long-term value and reduced maintenance costs. Ample parking is available for all tenants. A significant added benefit is an on-site coin-operated laundry facility generating a monthly income of $500. All current tenants are under lease agreements. This property is being offered for sale at $785,000. A unique opportunity exists to purchase the adjacent property at 220 NW 12th St, creating a portfolio of seven (potentially eight) units. This combined package presents a compelling investment opportunity for astute buyers seeking immediate cash flow and significant long-term growth potential in a desirable Broward County location.

Highlights

  • Meticulously maintained 1-story duplex in Pompano Beach, built in 1991.
  • Currently configured as a 4/2, 2/1, and 1/1, easily convertible to four units.
  • Features four separate meters, new roof, fresh paint, and accordion shutters.
  • Offers ample parking and an on-site coin-operated laundry generating $500 monthly income.
  • All tenants are under lease, listed at $785,000.
  • Adjacent property (220 NW 12th St) available for purchase, potentially creating a seven or eight-unit portfolio.

Property Details for 216 12Th St

Property type
Apartment buildings, Small apartment buildings
Year Built
1991
Stories
1

Location Insight

City
Pompano Beach
County
Broward
State
Florida
Latitude
26.2425014
Longitude
-80.1257619
216 12Th St, Pompano Beach, Florida

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216 12Th St
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