Multifamily in Pompano Beach, FL 33060Ocean Drive Estates, 1001 Pine Dr #1-8
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Closed
$1,750,000
6,915
SqFtStatus
Sold - Jun 08, 2021
Size
6,915 SqFt (642 m2)
Price
$253/SqFt ($2,724/m2)
Type
Multifamily
Built
1972
MLS Number
A11036648
On Site
1956 Days
Updated
14 Days ago
Page Views
0
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
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Central,Electric
- Cooling Description: CentralAir,Electric
Building and Construction
- Floor Description: Other
- Year Built: 1972
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2021-05-03T18:10:12.000-00:00
Taxes, Fees & More
- Taxes: 22491
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
05/03/2021
Listed
$1.8M
$253 ft2
$2,724 m2
05/03/2021
$1.8M
Event
Listed
Price Per
$253 ft2
$2,724 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Karin Benyamin • Galleria International Realty • Buyer Agency Compensation .
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Scores
73
100
33
100
47
100
78
100
1
100
27
100
1
100
Community Snapshot
1 – 3 BR
Bedrooms
$120K – $1.1M
Price Tier
480 - 6,915
SqFt Range
1969
Year Build
2
Total Floors
Subdivision Amenities
Laundry
None
Pool
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