Pompano Beach, FL 33062,2301 NE 16th St
Pompano Beach, FL 33062,2301 NE 16th St
Pompano Beach, FL 33062,2301 NE 16th St
$1,500,000
Est. payment /mo
$1,650,000
9.1%
Est.Price: ?

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SOLD DATE : 10/30/2020

Key Details

Sold Price $1,500,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID F10165975

Sold Date 10/30/20

Construction Status New Construction

HOA Y/N No

Year Built 1969

Annual Tax Amount $29,337

Tax Year 2018

Property Sub-Type Commercial

Property Description

2-Story 13,000 SF Mixed-Use Retail/Residential Building consisting of: 4-Retail Stores (5,180sf), 8-Rental Apartments. (on 2nd floor), and 2-Storage Units, 900 SF. *Over 7%+ CAP RATE AT LIST PRICE* Current Gross Annual Income: $192,500. Projected Gross Annual Income: $207,900. *Projected Net Operating Income: $135,000. (To Be Verified by Buyer). Front & Rear Parking. Building in Very Good Condition. Visible from Federal Highway. 1-Tenant on a lease, all others Mo-Mo. with Upside Potential in Rents. Many Long-term Tenants, 5-20+ Years. See attachments for property flyer **IMPORTANT – DO NOT DISTURB THE TENANTS. SHOWINGS & INSPECTIONS TO BE SCHEDULED WITH LISTING BROKER.***

Location

State FL

County Broward County

Area North Broward Intracoastal To Us1 (3211-3234)

Zoning B-3

Interior

Flooring Tile Floors

Exterior

Water Access N

Roof Type Metal Roof

Private Pool No

Building

Story 2.0000

Foundation Cbs Construction

Construction Status New Construction

Others

Pets Allowed No

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BeachesMLS Matrix (RAPB-F prefix)
Listed by Dwell Residential Real Estate
Bought with Dwell Residential Real Estate
Team Comerford
Team Comerford

Team Leader | Broker Associate | License ID: BK3455404

+1(941) 586-3229 | team@thecomerfordgroupfl.com

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