$1,290,000
Pompano Beach, FL 33062
MLS# F10186311
Status: Closed
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Property Description
RARE OPPORTUNITY TO OWN A CASH COW IN POMPANO BEACH.This is the largest 2/bed 2/bath 4plex on the beach. Units are currently rented below market value. Lots of potential to make this 4plex a profitable money maker. New Owner will have many options to modify. Booked over 7months out of the year, partially booked off seasons. Located in RM-20 ZONING area, with 8 parking spots. Much room to increase income stream. Located East of A1A close to Hillsborogh inlet. This beach home is perfect for someone looking to enjoy south florinda life in a quiet and peacefull area. Deeded beach access and beautiful pool to keep cool on hot days. Perfect for AirBnB or Vacaionrentals, Units can be rented daily, weekly, monthly or yearly. Many international tenants return to this hidden oasis by beach.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2019-07-22
Status: Closed
Original List Price: 1389000
Sold Price: $1,290,000
Current Price: $1,290,000
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Pompano Beach
Postal Zip: 33062
Geographic Area: NBEA - North Broward Ocean To Intracoastal (3111-3121)
Country: United States
Street Number: 3405
Street Name: Norfolk
Street Suffix: Street
State Or Province: FL
Postal Code: 33062
Postal Code +4: 2930
Subdivision Name: Hillsboro Shores
Area: 3113
Parcel Number: 484329050180
Zoning: RM-20
Directions: From US1 Federal Hwy head East on NE 14th st over intercoastal, make a left on A1A, travel north for about 1/4 mile and make a right on Norfolk St, 2nd building on left.
General Property Information
Number Of Units Total: 4
Living Area Main: 4032
Lot Size Dimensions: 9,993
Outdoor Living Spaces YN: Yes
Stories Total: 1
Pool Private YN: Yes
Property Sub Type: Quadruplex
Year Built: 1976
Office/Member Information
DXORIGMLSID: FLL
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2019-08-28T02:32:24Z
Major Change Type: Status Change
Status Change Date: 2019-09-20
Under Contract Date: 2019-07-30
Close Date: 2019-08-27
Close Price: 1290000
Association Fee Includes
Electricity: 1
Pool Service: 1
Sewer: 1
Trash: 1
Water: 1
Exterior Features
Barbecue: 1
Flooring
Ceramic Tile: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Special Information
Sold As-Is: 1
Co-Ownership
Property Management YN: No
Documents Available
None: 1
Fencing
Fenced: 1
Other Structures
Outbuilding: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Central: 1
Electric: 1
Separate Meters: 1
Water Access
Deeded Beach Access: 1
Window Features
Blinds: 1
Plantation Shutters: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Pool Features
In Ground: 1
Roof
Composition: 1
Shingle: 1
Water Source
Public: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Ceiling Fan Details
Number Of Ceiling Fans: 3
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Tax Information
Tax Reflects No Exemptions: 1
Outdoor Living Spaces
Patio: 1
Porch: 1
Porch Details
Porch - Open: 1
Contingencies
Inspection: 1
Concessions
Seller Concessions: No
Unit 1 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 3500
Baths Full: 2
Beds Total: 2
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 1008
Unit 1 Lease Description
Lease Term: Month To Month
Unit 1 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Unit 1 Parking Features
Other: 1
Unit 1 Rooms
Family Room: 1
Kitchen: 1
Separate Dining: 1
Unit 2 Appliances
Dishwasher: 1
Disposal: 1
Microwave: 1
Range: 1
Refrigerator: 1
Other: 1
Unit 2 Details
Actual Rent: 3500
Baths Full: 2
Beds Total: 2
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 1008
Unit 2 Lease Description
Lease Term: Month To Month
Unit 2 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Unit 2 Parking Features
Other: 1
Unit 2 Patio/Porch
Patio/Porch: 1
Unit 3 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Other: 1
Unit 3 Details
Actual Rent: 3500
Baths Full: 2
Beds Total: 2
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 1008
Unit 3 Lease Description
Lease Term: Month To Month
Unit 3 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Unit 3 Parking Features
Other: 1
Unit 4 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Other: 1
Unit 4 Details
Actual Rent: 3500
Baths Full: 2
Beds Total: 2
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 1008
Unit 4 Lease Description
Lease Term: Month To Month
Unit 4 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Unit 4 Parking Features
Other: 1
Price Calculations
Current Price To SqFt: 319.94
Original List Price To Close Price: 0.92
Section Details
Parcel Number MLX: 0182
Acreage Description
Less Than 1/4 Acre Lot: 1
Financial Information
Tax Annual Amount: 13160
Tax Year: 2018
Tax Legal Description: HILLSBORO SHORES SEC B 22-39 B 1/2 INTEREST IN LOT 6 BLK 8 A/K/A APTS 1 THRU 4
Income and Expenses
Net Operating Income: 130000
Operating Expense: 30000
Gross Scheduled Income: 160000
Originating Details
Originating System Key: 515194616
Originating System ID: M00000170
Property Features
Association Fee Includes: Electricity; Pool Service; Trash; Water
Documents Available: None
Exterior Features: Barbecue
Fencing: Fenced
Flooring: Ceramic Tile
Property Condition: Resale
Construction Materials: CBS
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Central; Electric; Separate Meters
Listing Terms: Cash; Conventional; FHA
Other Structures: Outbuilding
Pool Features: In Ground
Possession: Negotiable
Roof: Composition; Shingle
Sewer: Public Sewer
Special Information: Sold As-Is
Tax Information: Tax Reflects No Exemptions
Utilities: Cable Available
Water Access: Deeded Beach Access
Water Source: Public
Window Features: Blinds; Plantation Shutters
Showing Requirements: Appointment Only; Call Listing Agent
Outdoor Living Spaces: Patio; Porch
Porch Details: Porch - Open
Unit 1 Appliances: Dishwasher; Microwave; Range; Refrigerator
Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s)
Unit 1 Parking Features: Other
Unit 1 Rooms: Family Room; Kitchen; Separate Dining
Unit 2 Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator; Other
Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s)
Unit 2 Parking Features: Other
Unit 3 Appliances: Dishwasher; Microwave; Range; Refrigerator; Other
Unit 3 Other Equipment: Air Conditioning Unit; Smoke Detector(s)
Unit 3 Parking Features: Other
Unit 4 Appliances: Dishwasher; Microwave; Range; Refrigerator; Other
Unit 4 Other Equipment: Air Conditioning Unit; Smoke Detector(s)
Unit 4 Parking Features: Other
Contingencies: Inspection
Acreage Description: Less Than 1/4 Acre Lot
Supplements
Ideal for investor or someone looking to start a Bed and Breakfast. 4 spacious units perfect for families or small groups looking to get away.
Listing Office: LoKation
Last Updated: August - 11 - 2026
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