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404 NE 4th St - Pompano Beach Duplex 2 Unit Apartment Building Offered at $690,000 at a 6.08% Cap Rate Pompano Beach, FL 33060
Investment Highlights
- Minutes To The Beach
- Separate Electric & Water Meters
- 3 Bed 1 Bath Units
Executive Summary
Owner Financing Available! This Large Duplex Features Two Spacious Units, Each Offering 3 Bedrooms And 1 Bath. Situated In The Heart Of Pompano Beach, Just Minutes From The Sandy Beaches And Shopping, A True Money Maker With Tremendous Potential For Growth. Gross Totals $55,488 Annually, Both Units Are Nicely Updated With Newer Air Conditioning Systems (1–2 Years), Washer/Dryer Hookups, Separate Electric/Water Meters & Hurricane Shutters Already Installed. Property Was Recently Painted & Unit A Has Newly Renovated Bathrooms. Potential Gross Rent $67,200 Annual Expenses: Lawn Care $600, Insurance $3,100,Taxes $8,632, And Water $1,200, Potential Net Income $53,668. All Information Provided, Boundary Lines Included Is Deemed Reliable But Not Guaranteed & Should Be Verified By The Buyer. Visit www.InvestPropFL.com To View Our other Investment Properties.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$67,200
|
$39.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,200
|
$39.02
|
| Taxes |
$8,632
|
$5.01
|
| Operating Expenses |
$4,900
|
$2.85
|
| Total Expenses |
$13,532
|
$7.86
|
| Net Operating Income |
$53,668
|
$31.17
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $67,200 |
| Annual Per SF | $39.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,200 |
| Annual Per SF | $39.02 |
| Taxes | |
|---|---|
| Annual | $8,632 |
| Annual Per SF | $5.01 |
| Operating Expenses | |
|---|---|
| Annual | $4,900 |
| Annual Per SF | $2.85 |
| Total Expenses | |
|---|---|
| Annual | $13,532 |
| Annual Per SF | $7.86 |
| Net Operating Income | |
|---|---|
| Annual | $53,668 |
| Annual Per SF | $31.17 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | $61,344 | - |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 48-42-35-18-0080 | Total Assessment | $401,230 (2026) |
| Land Assessment | $0 (2026) | Annual Taxes | $8,632 ($5.01/SF) |
| Improvements Assessment | $0 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
48-42-35-18-0080
Land Assessment
$0 (2026)
Improvements Assessment
$0 (2026)
Total Assessment
$401,230 (2026)
Annual Taxes
$8,632 ($5.01/SF)
Tax Year
2025
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404 NE 4th St - Pompano Beach Duplex
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