NOT LISTED FOR SALE

Estimated Value: $689,000 - $711,000

6 Beds
3 Baths
2,327 Sq Ft
$301/Sq Ft Est. Value

Last Sold November 18, 2024

Last sale price $680,000 $292 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,735/month

44 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • 1-Story Property
  • McNab Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of November 2024

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.

Last Listed By

Barry Zeidel

Klein Morgan Realty LLC License #3090891 Listed on: 08/06/2024

Klein Morgan Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,797

Year Built

  • Built in 1970

Lot Details

  • 6,011

Parking

  • 5 Parking Spaces

Home Design

  • Triplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,327 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $50,697
  • Rent includes gardener, sewer, trash collection, water
  • Assessor Parcel Number 494201030260

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Ocean Drive Estates Condos
  • Ocean Drive Estates Subdivision

Building Details

  • Operating Expense $28,656
  • Net Operating Income $22,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,797

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1970
  • Property Sub Type: Triplex
  • Architectural Style: Other
  • Co List Office Mls Id: KNMR01
  • Co List Office Phone: 561-400-2085
  • Directions: From Atlantic Blvd. east of Dixie Hwy, turn right onto SE 11th Ave and continue south; the property will be on your right.
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Triplex
  • Subdivision Name: OCEAN DRIVE ESTATES
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor
  • Living Area: 2327
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Blinds

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: OCEAN DRIVE ESTATES
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494201030260
  • Zoning: TO-EOD
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 22040
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Operating Expense: 28656
  • Total Actual Rent: 50697

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8797

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2025
Sold by
Bonilla Carlos
Bought by
Elite Fl Investment Corporation
Total Days on Market
44
Current Estimated Value
$700,970

Purchase Details

Listed on
Aug 6, 2024
Closed on
Nov 18, 2024
Sold by
White Pine Lane Iii Llc
Bought by
Bonilla Carlos
Seller's Agent
Barry Zeidel
Klein Morgan Realty LLC
Buyer's Agent
Genesis Duarte
JC Realty Group Inc.
List Price
$699,000
Sold Price
$680,000
Premium/Discount to List
-$19,000
-2.72%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Original Mortgage
$510,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 14, 2012
Closed on
Mar 28, 2012
Sold by
Jadoo Raymond and Jadoo Babjone
Bought by
White Pine Lane Iii Llc
Seller's Agent
Joe Lanser
RE/MAX Direct
Buyer's Agent
William Murphey
eCloud Realty
List Price
$170,000
Sold Price
$165,000
Premium/Discount to List
-$5,000
-2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.85%

Purchase Details

Closed on
Nov 19, 2008
Sold by
Jadoo Raymond and Jadoo Nalini
Bought by
Jadoo Raymond and Jadoo Babjone

Purchase Details

Closed on
Oct 17, 2008
Sold by
Jadoo Raymond and Jadoo Nalini
Bought by
Jadoo Raymond and Jadoo Babjone

Purchase Details

Closed on
Sep 4, 2003
Sold by
Jadoo Raymond
Bought by
Jadoo Raymond and Jadoo Nalini

Purchase Details

Closed on
Mar 13, 2002
Sold by
Jadoo Dale
Bought by
Jadoo Raymond

Purchase Details

Closed on
Oct 11, 2000
Sold by
Banaszak Jorge
Bought by
Jadoo Dale R and Jadoo Raymond R

Purchase Details

Closed on
Nov 13, 1997
Sold by
Scira Arthur T and Scira Ann Scira
Bought by
Banaszak Jorge

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Elite Fl Investment Corporation -- None Listed On Document
Bonilla Carlos $680,000 Nationwide Land Title
White Pine Lane Iii Llc $165,000 Attorney
Jadoo Raymond -- None Available
Jadoo Raymond -- None Available
Jadoo Raymond -- --
Jadoo Raymond -- --
Jadoo Dale R $163,000 --
Banaszak Jorge $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bonilla Carlos $510,000
Previous Owner White Pine Lane Llc $1,980,000
Previous Owner Jadoo Raymond R $175,000
Closed Banaszak Jorge $0
Closed Banaszak Jorge $21,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 Sold $680,000 -2.7% $292 / Sq Ft
09/19/2024 09/19/24 For Sale $699,000 0.0% $300 / Sq Ft
09/19/2024 09/19/24 Pending -- -- --
08/22/2024 08/22/24 Price Changed $699,000 -6.7% $300 / Sq Ft
08/06/2024 08/06/24 For Sale $749,000 0.0% $322 / Sq Ft
09/11/2012 09/11/12 For Rent $900 0.0% --
09/11/2012 09/11/12 Rented $900 0.0% --
03/28/2012 03/28/12 Sold $165,000 -2.9% $71 / Sq Ft
02/27/2012 02/27/12 Pending -- -- --
02/14/2012 02/14/12 For Sale $170,000 -- $74 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,874 $551,700 $42,010 $509,690
2024 $8,797 $446,500 $42,010 $344,530
2023 $8,797 $369,010 $0 $0
2022 $7,881 $335,470 $0 $0
2021 $7,279 $304,980 $0 $0
2020 $6,372 $289,450 $42,010 $247,440
2019 $5,820 $252,060 $42,010 $210,050
2018 $5,594 $280,100 $42,010 $238,090
2017 $4,886 $209,500 $0 $0
2016 $4,408 $190,460 $0 $0
2015 $4,054 $173,150 $0 $0
2014 $3,721 $157,410 $0 $0
2013 -- $148,430 $42,010 $106,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11635028

MIAMI REALTORS® MLS

APN: 49-42-01-03-0260