461 1St AvePompano Beach, FL 33060

Property Details for 461 1St Ave

Year built

1965

Property size (Sq ft)

2,970 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a meticulously maintained duplex located in the desirable Garden Isles section of Pompano Beach, Florida. The property, built in 1965, comprises two units totaling 2,970 square feet on a single story. Unit 1, a beautifully furnished 3-bedroom, 2-bathroom unit, features a newly updated kitchen with stainless steel appliances, a dining room, a large laundry room with washer/dryer, a gym, and a billiard/Florida room. Currently operating as an Airbnb, this unit offers significant short-term rental potential. Unit 2, a 2-bedroom, 2-bathroom unit, also includes a well-appointed kitchen and a washer/dryer. It is currently leased on a short-term basis for $2,800 per month until early 2025, providing immediate cash flow. The property boasts rare terrazzo flooring throughout both units, two newer air conditioning systems, and separate electric meters for efficient utility management. Outdoor amenities include a pool with a wooden deck, a convenient Tesla charger, and a private fenced backyard with a shed. Its prime location offers easy access to restaurants, a playground/park, major highways, and is within three miles of the beach and various houses of worship. This duplex represents a compelling investment opportunity with strong rental income and significant upside potential in a highly sought-after Pompano Beach neighborhood. The address is 461 SE 1st Ave, Pompano Beach, FL 33060. Asking price is $899,000.

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2238

Longitude

-80.1224

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