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312 SW 2nd St 312 SW 2nd St 3 Unit Apartment Building $650,000 ($216,667/Unit) 5.50% Cap Rate Pompano Beach, FL 33060
Investment Highlights
- 2 Blocks from Atlantic Blvd
- 100% Occupied
- Plenty of greenspace
Executive Summary
INVESTORS Dream!
Stable rental income.
Long Term Tenants.
Great upkeep on property.
Stable rental income.
Long Term Tenants.
Great upkeep on property.
Financial Summary (Pro Forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $650,000 | Building Class | C |
| Price Per Unit | $216,667 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,459 SF |
| Cap Rate | 5.50% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RM-30 | ||
| Price | $650,000 |
| Price Per Unit | $216,667 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,459 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1971 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | RM-30 |
Amenities
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,500 | 1,000 |
| 1+1 | 1 | $1,400 | 459 |
1 1
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 49-42-02-02-0460 | Total Assessment | $448,360 (2026) |
| Land Assessment | $43,650 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $404,710 (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
49-42-02-02-0460
Land Assessment
$43,650 (2026)
Improvements Assessment
$404,710 (2026)
Total Assessment
$448,360 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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312 SW 2nd St | 312 SW 2nd St
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