Remolded. 8 CAP RATE
Direct access to the beach, 2 story residential building currently operated as 6 units fee simple dwelling (6146 s.f.). Building completed 40 years inspections and repairs in 2022. Roof replaced in 2018, hurricane proof windows, central AC, washer/dryer in all units. Currently rented with long term tenants in place. Located a few blocks north of revitalized Atlantic boulevard and new Pompano fishing pier, walking distance to restaurants and shops. Surrounded by new construction luxury multimillion properties. 4 2 beds /2 bath and 2 1bed/1 bath condos potentially can be converted to 10 units (6 1 bedrooms and 4 studios)
The median home value in Pompano Beach, FL is $385,000. This is lower than the county median home value of $394,500. The national median home value is $338,100. The average price of homes sold in Pompano Beach, FL is $385,000. Approximately 40.96% of Pompano Beach homes are owned, compared to 36.28% rented, while 22.76% are vacant. Pompano Beach real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Pompano Beach real estate agent to arrange a tour today!
Pompano Beach, Florida has a population of 111,423. Pompano Beach is less family-centric than the surrounding county with 21.33% of the households containing married families with children. The county average for households married with children is 27.2%.
The median household income in Pompano Beach, Florida is $56,109. The median household income for the surrounding county is $64,522 compared to the national median of $69,021. The median age of people living in Pompano Beach is 41.7 years.
The average high temperature in July is 90.3 degrees, with an average low temperature in January of 58.2 degrees. The average rainfall is approximately 60.7 inches per year, with 0 inches of snow per year.