For Sale
$525,000

2494 5Th St Pompano Beach, FL 33069

Renovated Triplex, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
134
This attractive three-unit apartment building in Pompano Beach, Florida presents a compelling investment opportunity. Located at 2494 NW 5th St, 33069, this single-story, 1975-built triplex offers immediate income potential. The property boasts recently updated key systems, including a new roof, new air conditioning units, and new electrical panels, minimizing immediate capital expenditure needs. This significantly reduces the risk associated with typical multifamily investments. The property's clean core is ready for cosmetic renovations to further enhance rental income and property value. The convenient lockbox access allows for easy showings, facilitating a swift transaction. Each of the three units provides a comfortable living space, contributing to a strong rental income stream. The property's location in Broward County offers easy access to local amenities and transportation networks. This turnkey investment is ideal for both seasoned and first-time multifamily investors seeking a profitable venture in a desirable South Florida market. A vacant lot adjacent to the property is also available for purchase, presenting an additional development opportunity (see MLS#A11674903 for details). This package deal offers significant potential for long-term growth and return on investment.

Highlights

  • $525,000 asking price.
  • Three-unit multifamily apartment building (triplex).
  • Built in 1975, one-story construction.
  • Located at 2494 NW 5th St, Pompano Beach, FL 33069, Broward County.
  • Features a new roof, new AC, and new electrical panels.
  • Easy to show with lockbox access.

Property Details for 2494 5Th St

Property type
Apartment buildings, Small apartment buildings
Year Built
1975
Stories
1
Units
3

Location Insight

City
Pompano Beach
County
Broward
State
Florida
Latitude
26.2359639
Longitude
-80.1565785

FAQs

What type of property is this?
Apartment building - Renovated Triplex, Prime Location
Where is the apartment building located?
The property is located at 2494 5Th St Pompano Beach, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: $525,000 asking price.; Three-unit multifamily apartment building (triplex).; Built in 1975, one-story construction.
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.
How do I access a private listing?
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2494 5Th St
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