Multifamily in Pompano Beach, FL 33060Pinewood Heights, 715 NW 5th Ave #1-4
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Closed
2,731
SqFtStatus
Sold - Nov 17, 2022
Size
2,731 SqFt (254 m2)
Price
$293/SqFt ($3,153/m2)
Type
Multifamily
Built
1961
MLS Number
A11212454
On Site
1569 Days
Updated
14 Days ago
Page Views
0
Opportunity Zone newly renovated cash-flowing investment property. Four 2/1 units fully renovated with year leases. 8% Cap Rate. See accurate financials below. Featuring all new central ACs, updated electrical, impact windows (last ones currently being installed) and impact doors, replaced old cast iron piping with new PVC, installed new copper water piping, replaced wood beam rafters and structural sub-flooring for the second level. Interiors upgraded as well with new kitchens, bathrooms, etc.
Gross Annual Income: $85,200
NOI: $70,126
Monthly Rents are:
#1 $1,600
#2 $1,800
#3 $1,600
#4 $1,800
Annual Expenses:
Taxes - $7,573
Insurance - $4,741
Water and Sewer - $2,760
Brand new coin operated washer and dryers are generating an extra $300 positive cash flow per month.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
- Exterior Features: Fence
Interior, Heating and Cooling
- Heating Description: None
- Cooling Description: CentralAir
Building and Construction
- Floor Description: Hardwood,Vinyl,Wood
- Windows/Treatment: ImpactGlass
- Year Built: 1961
- Year Built Description: Effective Year Built
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2022-05-25T22:22:30.000-00:00
Taxes, Fees & More
- Taxes: 7573
Apples-to-Apples Comparables
Price History
Current
$800K
High
$825K
Low
$800K
Total Change
-3%Date
Event
Price
Change
Price Per
11/17/2022
Sold
$800K
-3.03%$293 ft2
$3,153 m2
08/15/2022
Listed
$825K
$302 ft2
$3,252 m2
11/17/2022
$800K
Event
Sold
Change
-3.03%Price Per
$293 ft2
$3,153 m2
08/15/2022
$825K
Event
Listed
Price Per
$302 ft2
$3,252 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Trevor Talbot • Atlas Investment R.E., Inc. • Buyer Agency Compensation .
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Scores
53
100
37
100
64
100
Community Snapshot
3 – 3 BR
Bedrooms
$570K – $849K
Price Tier
1,032 - 3,515
SqFt Range
1961
Year Build
1
Total Floors
Subdivision Amenities
None
Sidewalks
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