Bought with Coldwell Banker
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Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 3,246 sqft
Price per Sqft $431
Subdivision Pompano Terrace
MLS Listing ID RX-11001793
Sold Date 04/23/25
Construction Status Resale
Year Built 1985
Annual Tax Amount $10,750
Tax Year 2023
Lot Size 10,890 Sqft
Property Sub-Type MultiFamily (5+ Units)
Property Description
INVESTORS! 2 SIDE BY SIDE 5-PLEX MULTIFAMILY BUILDINGS WITH A TOTAL TEN (10) UNITS LOCATED IN POMPANO BEACH, FLORIDA! CONSISTING OF NINE (9) 2-BEDROOM 1-BATHROOM UNITS (RENTED AT $1,400-$1550) AND ONE (1) 1-BEDROOM 1-BATHROOM UNIT ($1,228). 2 SEPARATE PARCELS (484235290374 & 484235290373). NEW HVAC in 2023, CITY WATER AND SEWER, 10 SEPARATE ELECTRIC METERS. BATHROOMS REMODELED IN 2023. OTHER INTERIOR UPGRADES VARY BY UNIT. ALL RENTS ARE BELOW RENTAL MARKET VALUE AND 8 OF THE 10 TENANTS ARE ON A MONTH TO MONTH BASIS! SELLING BOTH UNITS AS A PACKAGE DEAL! 10 UNITS IN TOTAL. THIS IN AN EXCELLENT OPPORTUNITY TO ACQUIRE A STRONG CASH FLOWING MULTIFAMILY ASSET THAT IS 100% OCCUPIED. PLEASE DO NOT DISTURB THE TENANTS.
Location
State FL
County Broward
Area 3423
Zoning RM-20
Interior
Heating Central Individual
Cooling Central Individual, Electric
Flooring Ceramic Tile
Fireplaces Type Smoke Alarm
Exterior
Utilities Available Electric, Public Sewer, Public Water, Separate Meter
Roof Type Fiberglass
Building
Story 100.00
Foundation CBS
Construction Status Resale
Others
Security Features None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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