371 SE 3rd St, Pompano Beach, FL 33060 — MLS photo

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371 SE 3rd St, Pompano Beach, FL 33060

Active · SingleFamilyResidence

$985,000

371 SE 3rd St, Pompano Beach, FL 33060

Beds
2
Baths
2
Living area
1,536 sq ft
$ / sq ft
$641/sq ft
Year built
1971
Lot size
7,350 sq ft
HOA fee
—
Annual tax
$8,413

About this property

Welcome to Garden Isles, conveniently located near the beach, Pompano Pier, shopping, and restaurants. This 2-bedroom, 2-bath home with a spacious enclosed patio is situated in a desirable neighborhood primarily consisting of waterfront properties, often compared to the charm of Venice, Italy. Half the garage is now a laundry room with AC bringing it to 1,710 sq ft under air. The backyard offers a private, serene setting with expansive water views both day and night. The kitchen (2024) and bathrooms (2020) have been recently remodeled. Major updates include a newer roof (2019) and impact windows (2024). A/C and water heater (2020). Seawall approximately 49 ft in length, dock approximately 28 ft in length. A new 10,000 lb boat lift installed in 2021, making this home ideal for boating enthusiasts. The one-car garage has been converted to a storage area but can easily be reverted to a garage if desired. The home is available fully furnished; TVs are excluded from the sale price. Property rented at $4,600 per month until May 14th 2027.

Property location

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371 SE 3rd St, Pompano Beach, FL 33060

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,536 sq ft
Flooring
Laminate
Appliances
Dryer, Dishwasher, Electric Range, Microwave, Other, Refrigerator, Washer
Cooling
Central Air, Ceiling Fans
Heating
Central
Interior features
Bedroom On Main Level, First Floor Entry
Furnished
Negotiable

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1971
Lot size
7,350 sq ft
Architectural style
Detached, One Story
Roof
Shingle
Construction
Other
Exterior features
Fence, Lighting
Pool
None
Waterfront
Canal Access, Canal Front
View
Canal

Parking

Garage spaces
1
Covered spaces
1
Parking features
Driveway

HOA, Community & Financials

Annual tax
$8,413
Subdivision
GARDEN ISLES SEC 4
County
Broward
Days on market
181
MLS listing ID
A11943824
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,018

Cap rate
4.4%
Net yield
4.4%
Cash-on-cash return
-4.4%
Gross yield
6.7%
Mortgage payment
$4,669/mo
Down payment
$246,250
Loan amount
$738,750
Annual NOI
$43,811

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.