2051 NE 25th Avenue, Pompano Beach, FL 33062
- $799,000
- 2,483
- SqFt
- List Price
- $799,000
- Days on Market
- 64
- MLS#
- A12002958
- Sq. Ft
- 2,483
- Subtype
- Quadruplex
- County
- Broward
- Subdivision
- Connor Estates
- Year Built
- 1965
Property Description
Investor Opportunity East of Federal Hwy - Located just 5 minutes to the beach and approx. 7 minutes to Old Town Pompano, an area experiencing significant redevelopment with new restaurants, retail, and mixed-use projects. Conveniently close to Pompano City Mall, shopping, dining, and entertainment. Turnkey investment opportunity in one of South Florida’s fastest-growing markets. The property is currently generating $5,950/month in rental income, inclusive of utilities, with all units occupied. Current leases run through October/November, with one studio operating on a month-to-month basis, providing some flexibility for a future owner. Each of the two existing 1-bed/1-bath units features in-unit washer/dryers, private patios, and separate backyard spaces, which helps support strong rental demand, particularly to tenants with pets. One of the more attractive aspects of the property is the future upside and reconfiguration potential. By enclosing the existing carport spaces, a Buyer could convert the property into four true 1-bedroom/1-bath units, significantly increasing rental appeal and long-term income potential. Another option could be re-configuring the layout into two larger 2-bed/2-bath residences. Overall, it presents a strong opportunity for an investor looking for immediate cash flow with additional upside through improvements and repositioning. Showings will be granted upon submission of a written, signed “As-Is” contract along with proof of funds or pre-approval.
Additional Information
- Construction
- Block
- Cooling
- Central Air, Ceiling Fan(s), Other, Wall/Window Unit(s)
- Flooring
- Tile
- Heating
- Central, Electric, Wall Furnace
- Roof
- Shingle
- Taxes
- $13,396
- Utilities
- Cable Available
- Stories
- 1
- Price Per Sqft
- $321
- Elementary School
- Cresthaven
- Middle School
- Crystal Lake
- High School
- Deerfield Beach
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Listing courtesy of The Jarvis Group Inc. Contact:
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Agent: Samantha Cafiero | Email: samsellsrealestatedreams@gmail.com