3440 NE 16th Terrace Unit 1-4 Pompano Beach, FL 33064
Cresthaven NeighborhoodEstimated payment $7,488/month
Highlights
- Impact Glass
- Ceramic Tile Flooring
- Central Heating and Cooling System
About This Home
Great Investment opportunity well located in east Pompano Beach! 5-Unit multifamily - 2/2(private w/d), 2/1, 1/1, 1/1 and Studio. Most tenants have been in place for 4+ years. 4 bigger units have central AC, all impact windows. New plumbing, new sprinklers, full impact windows, roof approximately 2010. 5.5% Cap Rate. Perfect for a new investor to start out or for a seasoned investor wanting to add to the portfolio. Close to all the great restaurants and shopping in Pompano, and a short drive to the new Pompano Pier! Call listing agent for a breakdown of rent rolls and expenses.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,923
Year Built
- Built in 1967
Lot Details
- 7,000 Sq Ft Lot
- Sprinkler System
Home Design
- Shingle Roof
- Composition Roof
Interior Spaces
- 3,261 Sq Ft Home
- 2-Story Property
- Ceramic Tile Flooring
- Impact Glass
Utilities
- Central Heating and Cooling System
- Well
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 484224190080
Community Details
Overview
- 4 Units
- Cresthaven No 9 Replat Subdivision
Building Details
- Operating Expense $30,080
- Net Operating Income $66,520
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,923 | $415,690 | -- | -- |
| 2024 | $9,309 | $415,690 | -- | -- |
| 2023 | $9,309 | $343,550 | $0 | $0 |
| 2022 | $8,027 | $312,320 | $0 | $0 |
| 2021 | $7,712 | $283,930 | $0 | $0 |
| 2020 | $7,154 | $416,570 | $49,000 | $367,570 |
| 2019 | $6,720 | $388,400 | $49,000 | $339,400 |
| 2018 | $6,211 | $380,450 | $49,000 | $331,450 |
| 2017 | $5,410 | $193,940 | $0 | $0 |
| 2016 | $4,875 | $176,310 | $0 | $0 |
| 2015 | $3,957 | $160,290 | $0 | $0 |
| 2014 | $3,652 | $145,720 | $0 | $0 |
| 2013 | -- | $143,350 | $49,000 | $94,350 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/23/2025 10/23/25 | For Sale | $1,260,000 | -- | $386 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Terramar Guaranty Title & Tr | |
| Warranty Deed | $259,000 | Terramar Guaranty Title & Tr | |
| Warranty Deed | $180,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $100,000 | Commercial | |
| Previous Owner | $140,000 | Commercial |
Source: BeachesMLS
MLS Number: R11134665
APN: 48-42-24-19-0080
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