1001 Pine Dr

Pompano Beach, FL, 33060

$1,800,000

$260 per ft²
$1,800,000
$260 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
6,915 ft²
property_type
Multi-family
calendar
Built 1972
Welcome to the perfect real estate investment property... This property is rented entirely to one tenant who is responsible for most property Maintenance & Expenses with the exception of major property repairs, property insurance policy and property taxes. Tenant has a halfway house business for Rehab patients, (NOT INCLUDED) It serves between the initial medical rehab and going back to independent life to avoid relapse. Tenant is on a 5-year lease with 2 more years left and is absolutely interested in staying for far longer than that. This property has 8 units all 2/1's, Making $132,000 Yearly ($11,000 per month) has $34,747 Yearly Expenses, and Netting $97,253. The current Cap Rate is 5.4% The halfway house License is worth over $100,000 and it is attached to the property
MLS ID:
A11036648
Listed:
5/1/21
Updated:
5/18/21
Green Realty Properties
Patty Da Silva

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Other
Cooling
Central Air, Electric
Heating
Central, Electric

Exterior/Building Features

Lot Size
6,915 ft² lot
Architectural Style
Other
Lot Details
Less Than 1/4 Acre Lot, 1/4 To Less Than 1/2 Acre Lot, Other Lot Description
Roof
Curved/-Tile Roof
Sewer
Public Sewer

Other Property Details

Area Name
Ocean Drive Estates
Attached Garage
No
County
Broward County
Pool
No
Total Stories
2
Zoning
RESIDENTIAL

Property History

Date
Event
Price
Value
5/10/21
Active Under Contract
-
-

Courtesy of Galleria International Realty

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Data last updated 2:20 PM UTC, 5/18/21.

Green Realty Properties
Patty Da Silva
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