Off-Market Property at 724 NE 2nd St, Pompano Beach, FL, 33060

724 NE 2nd St, Pompano Beach, FL, 33060

$750,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $369 per day and long-term for an average of $3,914 per month, based on similar listings in the area. Estimated short-term cap rate of 3.3%. Estimated long-term cap rate of -1.1%. Welcome to this stunning 3-bedroom, 3-bath home nestled in the historic Pompano Beach. Situated on just under a 1/3 acre lot, this property offers ample space for your RV, boat, or any of your toys and still room for a refreshing pool. Among the 500 homes in east Pompano on a 1/3 acre, this residence stands out. Conveniently located near the all-new Kester Park & Youth Sports Complex, residents will enjoy easy access to the vibrant Pompano Beach Pier and a variety of restaurants just minutes away. This community offers an array of amenities within a mile, including new pickleball courts and the soon-to-be-revamped Pompano Beach golf course, making it a truly desirable place to call home. Property is 14 ft. above the high tide level. No flood insurance needed for this property see photo

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$6989
Bedrooms
3
Bathrooms
3
SQFT
2,090
Furnished
unknown
Year built
1978
Listing Status
Off Market
MLS
F10418381

Short-term Rental Potential
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$79,632

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$358

Price/SQFT

Long-term Rental Potential
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$46,968

Revenue
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Profit
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Cap rate
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Cash on Cash
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$3,914/mo

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