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1001 Pine Dr, Pompano Beach FL 33060

Multi-family Recently Sold
$1,750,000

BTC: 19.45387093

ETH: 552.01390444

Sold on: 2021-06-08
8 days
0 room(s)
6,915 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Welcome to the perfect real estate investment property... This property is rented entirely to one tenant who is responsible for most property Maintenance & Expenses with the exception of major property repairs, property insurance policy and property taxes. Tenant has a halfway house business for Rehab patients, (NOT INCLUDED) It serves between the initial medical rehab and going back to independent life to avoid relapse. Tenant is on a 5-year lease with 2 more years left and is absolutely interested in staying for far longer than that. This property has 8 units all 2/1's, Making $132,000 Yearly ($11,000 per month) has $34,747 Yearly Expenses, and Netting $97,253. The current Cap Rate is 5.4% The halfway house License is worth over $100,000 and it is attached to the property

Location

Florida • Pompano Beach • 33060 • Multi-family • Recently Sold

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1972
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$260
Cooling:
Central Air / Electric
HOA:
No Data
All facts and features

  • Flooring

    • Other

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

  • Other Property Information

    • Parcel Number: 494201030920

    • Zoning: RESIDENTIAL

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $22,491

  • Source details

    • MLS ID: A11036648

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot / 1/4 To Less Than 1/2 Acre Lot / Other Lot Description

    • Architectural Style: Other

    • Living Area: 6915

    • Subdivision Name: OCEAN DRIVE ESTATES

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Galleria International Realty