211 SW 2nd Ct - Apartments FOR SALE


Pompano Beach, FL 33060
$775,000 USD
954-245-3584
211 SW 2nd Ct, Pompano Beach, FL for Sale
$775,000 USD
Apartments - FOR SALE
1/7
null | 5.73% Cap Rate

211 SW 2nd Ct
Pompano Beach, FL 33060


HIGHLIGHTS

  • Hurricane Impact Windows Throughout.
  • Located East of Interstate-95 in Pompano Beach.
  • 1954 Concrete Block Construction.
  • Below Market Rents.

OVERVIEW

Located at 211 SW 2nd Ct in Pompano Beach, Florida, this 6-unit garden style apartment building was built in 1954, totaling 2,324 square feet. The building has hurricane impact windows which ensuring long-term durability and reduced insurance costs. Each unit equipped with wall unit air conditioning. The property's location is particularly advantageous due to its proximity to the dynamic developments around Pompano Beach City Hall. This area, situated less than 1 mile from the property, is undergoing significant transformation with new commercial, residential, and public projects. The ongoing redevelopment efforts include modern retail spaces, enhanced public facilities, and improved infrastructure, all aimed at boosting the local economy and community appeal. This property will benefit from easy access to local economic drivers and employment drivers as well as various local attractions and essential services. The Pompano Beach Amphitheater, located approximately 2 miles to the east, offers a venue for concerts and cultural events, enriching the community's cultural life. For outdoor enthusiasts, the nearby Pompano Community Park provides extensive recreational facilities, including sports fields, tennis courts, and an aquatic center. Additionally, quality educational institutions such as Pompano Beach High School and Pompano Beach Elementary School are within close reach, making this location ideal for families. The property’s strategic location, combined with the area's development, positions it well to attract a diverse tenant base. This investment property represents a promising opportunity with significant upside potential. The property's sturdy construction, recent upgrades, and prime location within a burgeoning part of Pompano Beach, contributes to its long-term investment value. With the ongoing developments around City Hall expected to drive up property values and rental demand, this property is poised to deliver stable returns and capital appreciation.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

6

PRICE/UNIT

$129,167

CAP RATE

5.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

-

APN/PARCEL ID

49-42-02-02-0290

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-245-3584

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Daniel CunninghamMarcus & MillichapMore Info
954-245-3584

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.