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3308 SE 3rd St 5,500 SF Specialty Building Offered at $1,295,000 at a 3.65% Cap Rate in Pompano Beach, FL 33062
INVESTMENT HIGHLIGHTS
- 5 plex efficiency building is steps to the beach , super location up an coming pompano beach development area., strong income producer
EXECUTIVE SUMMARY
This 4 plex + Efficiency building is literally...steps to the sand! Located in Pompano's hottest Beach Development area. The owner has meticulously maintained the building with new roof in 2017. Offering guests a Tropically landscaped court yard with BBQ area perfect for soaking up the sun. Unit 3 has a new central a/c + private fenced yard in the back. The flexible building floor plan allows you to run as a 5 plex or combine 2 units creating a spacious 2 bedrooom plus living room - owner's suite. Strong income producer has plenty of room for growth.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$84,600
|
$15.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$84,600
|
$15.38
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$26,561
|
$4.83
|
| Net Operating Income |
$58,039
|
$10.55
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $84,600 |
| Annual Per SF | $15.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $84,600 |
| Annual Per SF | $15.38 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $26,561 |
| Annual Per SF | $4.83 |
| Net Operating Income | |
|---|---|
| Annual | $58,039 |
| Annual Per SF | $10.55 |
PROPERTY FACTS
| Price | $1,295,000 | Building Class | B |
| Price Per SF | $235.45 | Lot Size | 0.23 AC |
| Sale Type | Investment or Owner User | Building Size | 5,500 SF |
| Cap Rate | 3.65% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2005 |
| Property Subtype | Residential Income | ||
| Zoning | RM-20 - Residential | ||
| Price | $1,295,000 |
| Price Per SF | $235.45 |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.65% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 5,500 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| Zoning | RM-20 - Residential |
AMENITIES
- Air Conditioning
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 49-43-06-06-0970 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $640,340 (2025) |
PROPERTY TAXES
Parcel Number
49-43-06-06-0970
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$640,340 (2025)
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Presented by
Prime Time Properties, Inc.
3308 SE 3rd St
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