New Off Market Triplex in Pompano Beach 13% Cap Rate

[Gregory Avalone]

Price: $200,000 CASH or Hard Money ONLY

Est. Rehab: $20k-40k

ARV: $300k-$320k

Cap Rate Potential: 12-13%

Est. MKT. Rent $3,600/month

Current Rent $2400/month

Layout: 6 bed, 4 bath (1914 sqft, 5156 sqft lot)

Fantastic off Market Triplex in Pompano Beach, featuring 2(2/1) + 1 (2/2)
Property is CBS with 3 separate legal meters. Market rent is $1,200 per unit giving you $3,600 a month rental income.

2 units are rented collecting $1,200 each month. 3rd unit has fire damage and needs rehab.
Incredible flip opportunity or rental property with 12% - 13% CAP RATE after repairs.

Comps:

121 SW 15TH ST $299,000 - 1,890 Sq Ft Triplex – (1) 2/2 + (2) 1/1 – 12 days on Market – no updates

2130 NW 15th AVE $195,000 1,458 Sq. Ft Duplex – (2) 2/1 – 98k per door – 14 days on market