Sell a Duplex in Pompano Beach, FL

You live in one half of a duplex in Pompano Beach and a tenant lives in the other. Maybe you bought it that way in Cresthaven or Kendall Green so the rent would carry the mortgage. Maybe a parent added the second unit to a house in Old Pompano decades ago and left it to you. The arrangement worked until the roof you share reached the age Florida insurers inspect, the rent stopped matching Broward County premiums, and your own plans changed. Now you want to sell the whole building. The usual advice is to empty the rental side, renovate both halves and list, in a city with about seven months of supply where sales take roughly two to three months to go under contract.

Pompano Beach Cash Buyers buys owner-occupied duplexes from their owners across Pompano Beach and North Broward, with the tenant staying, your side as you left it, and one written offer within 24 hours of the visit. This page is written for the owner who lives in the building. It explains the tenant's lease, how the two halves are taxed and sold, the shared roof, and how you leave your own half on your schedule.

A duplex is one parcel with one deed, but the Broward County Property Appraiser can treat it as two things. The side you live in carries your homestead exemption, which removes $25,000 of value from all property taxes and another $25,000 on value between $50,000 and $75,000 from non-school taxes, plus the Save Our Homes cap that holds your assessed value to 3 percent growth a year. The rented side gets no exemption and sits under the separate 10 percent non-homestead cap. When the building sells, the cap resets to market value for the buyer on the January 1 after closing. You may carry up to $500,000 of your capped benefit to a new Florida homestead. The Property Appraiser at 115 S Andrews Ave, Room 111, can tell you how your parcel is split on record.

Under Florida law a written lease survives the sale. The buyer takes the rental half subject to it, and the security deposit transfers to the new owner under Fla. Stat. 83.49. A month-to-month tenant stays month-to-month. Florida Statute 83.57 requires 30 days' written notice before the end of a monthly period to end a month-to-month tenancy (Broward's own 60-day ordinance was preempted by state law on July 1, 2023), but a sale does not end the tenancy, so that notice never has to be served. For the visit, Fla. Stat. 83.53 covers entry for repairs on at least 24 hours' notice; a showing happens with the tenant's consent or as the lease allows. We walk both units once in a window the tenant agrees to.

Federal tax treats the two halves differently. The side you have lived in may qualify for the exclusion on gain from the sale of a home you occupied. The rented side has been an investment, so depreciation you claimed on it is generally recaptured and the gain on that portion is taxable. The allocation between the halves follows the way you have been reporting the building, and your CPA should run it before you fix a closing date, including whether any exchange fits the rental portion. Pompano Beach Cash Buyers gives you a written offer within 24 hours of the visit so that conversation starts from a real number.

The median Pompano Beach house dates to 1974. A duplex of that age shares one roof, one electrical service and one sewer lateral between two households, so when one fails both sides are affected and the bill is sized for two. Hurricane Wilma tore roofs across the city in October 2005; roofs replaced then are now past the 15-year mark at which Fla. Stat. 627.7011 lets an insurer require a roof inspection. We buy duplexes with roofs carriers have declined, cast-iron drains, aging meters and failed air conditioners, priced once in the written offer. You make no repairs and give no credits.

Some Pompano Beach duplexes began as single-family houses with a second kitchen and a second door added years ago. A mortgage buyer's lender will flag an unpermitted unit, and a retail sale can stall on whether it must be removed or legalized. We buy converted duplexes as they stand and price the permitting question into the offer. If Code Compliance already has a case open, Fla. Stat. 162.06(5) requires you to disclose it to the buyer in writing, hand over the notices and notify the code officer within 5 days of transfer; the case then follows the property to us. A fine recorded by the city's Special Magistrate is a lien and is paid from the price at closing. Tell us what you know about the conversion; it improves the price rather than lowering it.

Send the address, the rent, the lease end date and when you would like to be out of your side. We visit both units once and deliver a written offer within 24 hours of the visit. When you accept, a Broward County title company orders your mortgage payoff, prorates the rent, moves the deposit with written notice to the tenant, and closes about a week after title is clear. A short stay in your own half after closing can go in the contract if agreed in writing. Pompano Beach Cash Buyers pays the customary closing costs and charges no commission; your net is the price minus the payoff and any liens. If both halves are updated and the rental side earns market rent, holding or listing may serve you better, and we will say so.

We buy houses in Pompano Beach for any reason, any condition, or any challenge

Every link below is a page written for that situation in Pompano Beach and Broward County.