3 months on rocket

Backup Offers

221 SE 11th Ave, Pompano Beach, FL, 33060

$699,000

Home List Price

$8,301*

Closing Credit

0 Baths
2,327 SqFt
$300/SqFt
Multi

Location

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221 SE 11th Ave, Pompano Beach$699,000

Buyer Closing Credits

$8,301*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1970
HeatingCentral
CoolingCentral Air
MLS #A11635028
StatusAccepting Backup Offers
(Active Under Contract)

About 221 SE 11th Ave

Attention investors and owner-users! Prime investment opportunity with a well-maintained triplex in Pompano Beach. This 2,327 sq. ft. property on a 6,001 sq. ft. lot features three 2-bedroom, 1-bathroom units. Located near Atlantic Blvd., it offers easy access to shopping, dining, and entertainment. The neighborhood is rapidly redeveloping, boosting its investment potential with an actual NOI of $22,041 and a projected NOI of $39,480. With an actual cap rate of 3.15 % and a projected cap rate of 5.65%, this property is zoned RD-1 and has been extensively improved since 2012. The area has strong demographics, with a population of 17,068 and an average household income of $85,373 within a 1-mile radius, ensuring reliable tenant demand and rental rates.

Property Details

Property Features

Property Information:

  • Year Built: 1970
  • Stories: 1
  • Living Area: 2,327 SqFt

Listing Office:

  • Office Name: Klein Morgan Realty LLC
  • Office Phone: (561) 400-2085
  • Listing Agent: Barry Zeidel

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Atlantic Blvd. east of Dixie Hwy, turn right onto SE 11th Ave and continue south; the property will be on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000
  • Price Per SqFt: $300/SqFt
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Housing Market Comparison

See how this home compares to others in Pompano Beach, FL.

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Pompano Beach, FL

City

Med. Sold Price

$373K

Med. Price/SqFt

$309

Avg. Days On Market

54

# of Sold Homes

48

221 SE 11th Ave vs Pompano Beach

100 DAYS ON ROCKET

+46 Days

$699,000

+$326K More

$300/SqFt

-$10 Less

KEY TAKEAWAY

This property is $326K more than the Median Sold Price and $10/SqFt less than other homes in Pompano Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11635028

Listing Office:

  • Office Name: Klein Morgan Realty LLC
  • Office Phone: (561) 400-2085
  • Listing Agent: Barry Zeidel

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 4:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-551187
6
/10

  • Pompano Beach Elementary School

  • 700 NE 13th Ave

  • 0.63 miles

  • Public District Grades PK-5

school-card-donut-551188
7
/10

  • McNab Elementary School

  • 1350 SE 9th Ave

  • 1.11 miles

  • Public District Grades KG-5

school-card-donut-551189
4
/10

  • Cypress Elementary School

  • 851 SW 3rd Ave

  • 1.22 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,321. The most common annual income of people living in Pompano Beach, FL is between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Broward County›Pompano Beach›33060›221 SE 11th Ave

This home is located at 221 SE 11th Ave in Pompano Beach, FL and zip code 33060 in the Snug Harbor neighborhood. This 2,327 square foot home was built in 1970. It has been listed on Rocket Homes since August 09, 2024 and is currently priced at $699,000.

Over 6 listings were sold over their listed price in October 2024 in Pompano Beach, FL. In the same period over 40 listings were sold below the listed price and 2 listings were sold for the listed price. The inventory of homes for sale in Pompano Beach, FL between September 2024 and October 2024 increased by 10%. In October 2024, listings were on the market for 54 days. During the same period, the median list price in this real estate market was $373,000.

From Rocket Homes Real Estate and based on county public records data.

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