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500 SW 2nd St, Pompano Beach, FL 33060
$535,000
500 SW 2nd St, Pompano Beach, FL 33060View this property at 500 SW 2nd St, Pompano Beach, FL 33060
500 SW 2nd StPompano BeachFL33060
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Property Description
This is a fabulous investment property in the heart of Pompano Beach! Solid rental area close to I-95 with easy access to the TPKE and US-1. There are two 1-1s and one 2-1. Long-term tenants occupy two units; the 2-1 just took on a new tenant at increased rents. The property is well-maintained (and could also use some TLC). Income is stable, and there is room to grow as improvements are made. The roof is in great shape, with plenty of parking and a tranquil neighborhood. Please see the attachments for additional information. NOTE: All units are occupied. The Seller has requested that the showing of units occur only with offers and proof of funds. Outside drive-bys are welcome; please do not walk the property without the listing agent or Seller's permission. NEW AC in 2 of 3 units
Full Property Details
Full Property Details for 500 SW 2nd St
General
- Sold For: $535,000
- Taxes: $8,200 (2023)
- Status: Closed
- Type: Triplex
- MLS ID: A11441093
- Added to Site: 266 day(s) ago
Rental Information
- Rent Includes: Pest Control, Trash Collection
Interior
- Flooring: Ceramic Floor
Parking
- Total Spaces: 5
Location
- Area: Avondale
- County: Broward County
- Subdivision: AVONDALE
- Building Name: AVONDALE
Community
- Community Name: Avondale
- Units Assoc/Comm: 3
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Detached
- Structure Type: Triplex
- Detached/Attached: Detached
- Roof: Flat Tile
- Stories/Levels: 1
- Building Size: 2486
- Square Feet: 2,486
- Living Area: 2,486 Sq. Ft.
- Year Built: 1973
Unit Information
- Units in Complex: 3
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Potential Use: Investment
- Zoning: RM-30
Financial Considerations
- Price Per Sq. Ft.: $215.21
- Operating Expenses: $13,000
- Tax Amount: $8,200
- Tax Year: 2023
- Terms: All Cash, Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Documents Avail.: Financial Statement, Rent Rolls
- Legal Description: AVONDALE 6-29 B LOT 30 BLK 15
- Property ID: 494202021674
Listed and Sold by East Coast Realty Brokerage LLC
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Schools
Schools serving 500 SW 2nd St
School District:Broward County School District
Rating | Name | Grades | Distance |
---|---|---|---|
851 Sw 3rd Ave, Pompano Beach, FL 33060 | PK-5 | 0.8 mi | |
310 Ne 6th St, Pompano Beach, FL 33060 | 6-8 | 1 mi | |
1201 Nw 6th Ave, Pompano Beach, FL 33060 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 500 SW 2nd St
Date
Details
Price
Change
Source
2/28/2024
Sold
$535,000
-10.61%
MLS
2/06/2024
Price Reduced
$598,500
-0.17%
MLS
1/02/2024
Price Reduced
$599,500
-6.25%
MLS
11/16/2023
Price Reduced
$639,500
-1.31%
MLS
9/27/2023
Price Reduced
$648,000
-2.56%
MLS
8/23/2023
Listed
$665,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
500 SW 2nd St, Pompano Beach, FL 33060 (MLS# A11441093) is a Triplex property that was sold at $535,000 on February 28, 2024. Want to learn more about 500 SW 2nd St? Do you have questions about finding other Triplex real estate for sale in Pompano Beach? You can browse all Pompano Beach real estate or contact a Coldwell Banker agent to request more information.