3221 NE 9th Street, Pompano Beach, FL
Multi-family for Sale - $380,000 - 1,880 Sq. Ft. on 8712 acres
Property Info
| CIMLS# | 456442 |
| Location 3221 NE 9th Street Pompano Beach FL 33062 | |
| Updated | June 26th, 2012 |
| Type | Multi-family |
| Price | $380,000 |
| Building | 1,880 Sq. Ft. |
| Land | 8712 acres |
Property Description
Can be operated as weekly and monthly rentals, monthly rents range $700-$900 off-season and $1200-$1800 on-season. Operated as 4 units, with 1 and 4 served by one electric meter. No residents have leases in place. CBS construction with roof tiles. Low maintenance propety, manager lives on property for reduced rent. All units furnished except Unit 1. Unit 1 and 4 share electric meter, Unit 2 is occupied by manager who collects rents, handles cleaning and property management in return for reduced rent.
Location Description:
Beautiful east side A1A location with beach access nearby.
Highlights:
>> East Pompano Beach Location, 400 Feet to the Atlantic Ocean
>> Strong Occupancy History and Recently Renovated
>> Apartment Building Operated as 4 Units, Constructed as Triplex
>> CBS Construction, Barrel Tile Roof
>> Strong Rental Market
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Financials
Sales Info:
>> Cap rate: 5.71%
>> NOI: $21700