Residential Income Property for Sale
715 NW 5th Ave, Pompano Beach, Florida 33060
Opportunity Zone newly renovated cash-flowing investment property. Four 2/1 units fully renovated with year leases. 8% Cap Rate. See accurate financials below. Featuring all new central ACs, updated electrical, impact windows (last ones currently being installed) and impact doors, replaced old cast iron piping with new PVC, installed new copper water piping, replaced wood beam rafters and structural sub-flooring for the second level. Interiors upgraded as well with new kitchens, bathrooms, etc. Gross Annual Income: $85,200 NOI: $70,126 Monthly Rents are: #1 $1,600 #2 $1,800 #3 $1,600 #4 $1,800 Annual Expenses: Taxes – $7,573 Insurance – $4,741 Water and Sewer – $2,760 Brand new coin operated washer and dryers are generating an extra $300 positive cash flow per month.
- Listing ID : 1006
- Bedrooms : 4
- Bathrooms : 2
- Square Footage : 682 Sqft