For Sale
$562,000

516 2Nd Ct Pompano Beach, FL 33060

Four-unit apartment building, great cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
134
This attractive fourplex in Pompano Beach, Florida, presents a compelling investment opportunity. Located at 516 SW 2nd Ct, 33060, this single-story, 1972-built property comprises four units: two one-bedroom, one-bathroom apartments; one additional one-bedroom, one-bathroom apartment; and a studio apartment. The property features a shared laundry room for tenant convenience. Three of the four units are currently rented on a month-to-month basis, generating a monthly income of $3,500. This provides immediate cash flow and flexibility for the new owner to adjust rental terms as needed. The roof was recently replaced in 2021, minimizing immediate maintenance concerns. This property is situated in Broward County and offers a strong potential for return on investment. The asking price is $562,000. Please respect the privacy of current tenants and refrain from disturbing them during showings. This is an excellent opportunity for investors seeking a stable, income-producing asset in a desirable Florida location.

Highlights

  • $562,000 asking price.
  • Four-unit multifamily apartment building (duplex/triplex/quadruplex).
  • Located at 516 SW 2nd Ct, Pompano Beach, FL 33060.
  • One-story building constructed in 1972.
  • Features two one-bedroom/one-bath units, one additional one-bedroom/one-bath unit, and a studio; three units currently rented month-to-month, generating $3,500 monthly income.
  • Includes a shared laundry room.

Property Details for 516 2Nd Ct

Property type
Apartment buildings, Small apartment buildings
Year Built
1972
Stories
1
Units
4

Location Insight

City
Pompano Beach
County
Broward
State
Florida
Latitude
26.2280542
Longitude
-80.1338041

FAQs

What type of property is this?
Apartment building - Four-unit apartment building, great cash flow.
Where is the apartment building located?
The property is located at 516 2Nd Ct Pompano Beach, FL.
What is the asking price?
The asking price for this property is $562,000.
What are key features of this property?
This property features: $562,000 asking price.; Four-unit multifamily apartment building (duplex/triplex/quadruplex).; Located at 516 SW 2nd Ct, Pompano Beach, FL 33060.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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516 2Nd Ct
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