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1001 Pine Dr # 8, Pompano Beach FL 33060

Commercial Recently Sold
$1,750,000

BTC: 19.73177638

ETH: 566.06275857

Sold on: 2021-06-08
8 days
0 room(s)
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

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1972
Lot:
0.25 Acres
Heating:
Central Individual A/C
Price/sqft:
No Data
Cooling:
Central Individual A/C
HOA:
No Data
All facts and features
  • Flooring

    • Other

    Heating

    • Central Individual A/C

    Cooling

    • Central Individual A/C

  • Lot

    • Lot: 0.25 Acres

    Other Property Information

    • Parcel Number: 494201030920

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $22,491

  • Source details

    • MLS ID: A11036465

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: City Location / Corner Unit / Corner Lot / In Residential Area

    • Window Features: Complete Accordian Shutters

    • Water Source: Public

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