Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bathrooms: | 2 |
| Pets: | No Pets Allowed |
| Lot Size: | 0.58 Acres |
Financials
Price:$5,799,000
Annual Taxes:$58,197.10
Listing Courtesy of Compass Florida LLC
RARE OPPORTUNITY TO ACQUIRE AN 8.
Description
RARE OPPORTUNITY TO ACQUIRE AN 8.0% CAP RATE PROPERTY! Incredible opportunity to acquire a 28-unit multifamily property located just steps from the beach in booming Pompano Beach. The property is approximately 70% leased and in the process of being fully stabilized, offering immediate upside for investors. At full occupancy, the asset is projected to gross $50,000 per month in long term rental income and an additional $150,000+ from vacation rentals, with an NOI approaching $500,000 annually—making this a high-yielding cash-flow investment. Located less than 300 yards from Pompano's pristine public beaches! Views of both the intracoastal and the ocean!
Amenities
- Balcony
- Intracoastal
- Ocean
- Pool
- Sewer Available
- Water Available
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
