About this home
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.
Listing last checked: Listing updated:
Listed by Cynthia L Heelan · Keller Williams Realty Consult · MLS #B26041945
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Details at a glance
Interior3 property facts
- Heating
- None
- Cooling
- Electric, Wall/Window Unit(s)
- Flooring
- Concrete
Building4 property facts
- Style
- Duplex
- Year built
- 1950
- Parking
- 10
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.37 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- RM-20
Financial2 property facts
- Annual taxes
- $5,804
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $520,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,113 / monthAdjust
- Principal & interest
- $2,629
- Property tax
- $484
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,804. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 700 SW 8th Street
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