Closed

Pinewood Heights, 715 NW 5th Ave, Pompano Beach, FL 33060

825,000(-3.03% )
$800,000Price
2,731SqFt

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Details

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Status:
Sold - Nov 17, 2022
Size: 2,731 SqFt (254 m2)
Price: $293/SqFt ($3,153/m2)
Type: Multi Family
Built: 1961
MLS Number: A11212454
On Site: 1166 Days
Updated: 871 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: Vinyl,Wood
      • 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

        Price History

        11/17/2022

        Date

        Sold

        Event

        $800K

        Price

        -3.03%

        Change Rate

        $293 ft2 / $3,153 m2

        Price Per

        08/15/2022

        Date

        Listed

        Event

        $825K

        Price

        $302 ft2 / $3,252 m2

        Price Per

        Price per square foot and days on website are not provided values and are calculated by Subdivisions.

        Listed by Trevor TalbotAtlas Investment R.E., Inc. • Buyer Agency Compensation .

        Instant Comps

        $100/ft²
        $100/ft²
        $300/ft²
        $500/ft²

        Unit 715 NW 5th Ave – Asking

        $293/ft²

        (+1%) from Closed Medium $/ft²

        Closed Medium $/ft²

        $291/ft²
        Community $/Price Range (Closed) $172/ft² – $378/ft²
        No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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