Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1964
Sq.Footage
10,642
RARE OPPORTUNITY TO ACQUIRE AN 8.0% CAP RATE PROPERTY! Incredible opportunity to acquire a 28-unit multifamily property located just steps from the beach in booming Pompano Beach. The property is approximately 70% leased and in the process of being fully stabilized, offering immediate upside for investors. At full occupancy, the asset is projected to gross $50,000 per month in long term rental income and an additional $150,000+ from vacation rentals, with an NOI approaching $500,000 annually—making this a high-yielding cash-flow investment. Located less than 300 yards from Pompano's pristine public beaches! Views of both the intracoastal and the ocean!
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Ceiling Fan(s), Electric
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Other Exterior Features
Balcony
-
Patio and Porch Features
Covered, Deck, Porch
-
Pool
Yes
-
Pool Features
In Ground, Association, Private
-
Waterfront YN
NO
-
View
Water, Ocean
Area & Lot
-
Lot Size(acres)
0.58
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$5,750,000
-
Tax Amount
$58,197.1
-
Sq. Footage
10, 642
-
Price/SqFt
$540
HOA
-
Association
No
School District
-
Elementary School
Pompano Beach
-
Middle School
Pompano Beach
-
High School
Blanche Ely
Property Features
-
Association Amenities
Pool
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Broward
Elementary School
Pompano Beach
Middle School
Pompano Beach
High School
Blanche Ely
Listing Courtesy of Sean Mooney , Compass Florida LLC
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