700 SW 8th Street
Property Description
Don't miss this rare opportunity to acquire a duplex on a .3663-acre R-20 multifamily-zoned lot in the heart of Pompano Beach. The property consists of 2 separate 3-bed, 1-bath buildings connected by a covered breezeway/carport & is currently occupied by long-term month to month tenants paying below-market rents. This is an ideal value-add opportunity for experienced investors seeking to increase cash flow through renovation & future rent growth. Property requires substantial renovation, including kitchens, bathrooms, flooring, windows, HVAC systems, other deferred maintenance. The oversized lot offers future redevelopment potential with zoning allowing multifamily density of up to 8 units. Close to I-95 & less than 4 miles from the Pompano Beach Pier. Sellers welcome all serious Offers.
Broker Details
Realty Professionals of Coral Springs (954) 755-0888
MLS ID: 3365882 State License Number: 3365882
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $520,000 |
| No. of Units: | 2 |
| Year Built: | 1950 |
| Lot Size: | 1,872.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $260,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 0 |
ID: 3yd-RMLSFL-B26041945
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
305 HIBISCUS Avenue
Pompano Beach, Florida
3026 Santa Barbara Boulevard
Cape Coral, FloridaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout