211 2Nd CtPompano Beach, FL 33060

Property Details for 211 2Nd Ct

Year built

1954

Lot size

0.22 AC

Property size (Sq ft)

2,324 SF

Property type

Apartment buildings

Description

This exceptional six-unit apartment building, located at 211 SW 2nd Ct in Pompano Beach, Florida, presents a compelling value-add investment opportunity. Built in 1954, this single-story, 2,324 square foot building sits on a 0.22-acre lot and boasts 100% occupancy. The property features hurricane impact windows, reducing insurance costs and ensuring long-term durability. Each unit is equipped with wall unit air conditioning. Currently generating a $44,440 NOI, with a 5.73% cap rate, a pro-forma NOI of $58,091 projects a 7.50% cap rate, indicating significant upside potential. The asking price is $775,000, or $129,167 per unit. The property benefits from its strategic location, less than a mile from Pompano Beach City Hall, an area undergoing significant redevelopment with new commercial, residential, and public projects. This proximity to ongoing development, coupled with below-market rents, positions this property for strong rental income growth and capital appreciation. Nearby amenities include the Pompano Beach Amphitheater, Pompano Community Park, and quality schools. The concrete block construction and recent upgrades contribute to the property's long-term investment value. This is a fee-simple ownership opportunity.

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2284

Longitude

-80.1277

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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 unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].