216 12Th StPompano Beach, FL 33060

Property Details for 216 12Th St

Year built

1991

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2425

Longitude

-80.1258

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