Price reduced
Photo 1 of 32$520,000
Price reduced700 SW 8th Street, Pompano Beach FL 33060
1,872 sq ftBuilt 1950MLS# B26041945
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About this property
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.
Property details
- Property type
- Multi-family
- Year built
- 1950
- Living area
- 1,872 sq ft
- Price per sq ft
- $278
- Property taxes
- $5,803/yr
- Building / community
- FAIRVIEW AMENDED PLAT,Fairview
- Status
- Price reduced
- MLS #
- B26041945
Location
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