Investment Overview

Located at 332 SW 2nd Pl in Pompano Beach, Florida, this 3-unit garden-style apartment building offers a prime investment opportunity. Built in 1971 and totaling 1,992 square feet, the property features a newer roof made of pitched composite shingle and hurricane impact windows, ensuring long-term durability and reduced insurance costs. Each unit is equipped with wall unit air conditioning, providing a comfortable living environment for tenants. The property's location is particularly advantageous due to its proximity to the dynamic developments around Pompano Beach City Hall. This area, situated less than 1 mile from the property, is undergoing significant transformation with new commercial, residential, and public projects. The ongoing redevelopment efforts include modern retail spaces, enhanced public facilities, and improved infrastructure, all aimed at boosting the local economy and community appeal. This property will benefit from easy access to local economic drivers and various local attractions and essential services. The Pompano Beach Amphitheater, located approximately 2 miles to the east, offers a venue for concerts and cultural events, enriching the community's cultural life. For outdoor enthusiasts, the nearby Pompano Community Park provides extensive recreational facilities, including sports fields, tennis courts, and an aquatic center. Additionally, quality educational institutions such as Pompano Beach High School and Pompano Beach Elementary School are within close reach, making this location ideal for families. The property’s strategic location, combined with the area's development, positions it well to attract a diverse tenant base. This investment property represents a promising opportunity with significant upside potential. The property's sturdy construction, recent upgrades, and prime location within a burgeoning part of Pompano Beach contribute to its long-term investment value. With the ongoing developments around City Hall expected to drive up property values and rental demand, this property is poised to deliver stable returns and capital appreciation.