Property Listing No Longer Available for Sale

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
UpdatedJune 26th, 2012
TypeMulti-family
Price$380,000
Building1,880 Sq. Ft.
Land8712 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