Residential Income Property for Sale

715 NW 5th Ave, Pompano Beach, Florida 33060

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Property Description

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.

Basic Details
Property Type : Apartment
Listing Type : Residential Income
Listing ID : 1006
Price : $870,000
View : Street
Bedrooms : 4
Bathrooms : 2
Half Bathrooms : 1
Square Footage : 682 Sqft
Year Built : 1961
Lot Area : 2,731 Sqft
Features
Cooling System
Balcony
Fence
Kitchen
Parking : 6
Appliances
TV
Dishwasher
Internet : Wireless
Address Map
Country : US
State : FL
City : Pompano Beach
Zipcode : 33060
Street Number : 715
Street : NW 5th Ave
Floor Number : 0
Longitude : W81° 52' 12.3''
Latitude : N26° 14' 17.3''
Neighborhood
Park 5 Minutes
Apartment Residential Income
  • Listing ID : 1006
  • Bedrooms : 4
  • Bathrooms : 2
  • Square Footage : 682 Sqft
$870,000
Agent info
Rent 1 Sale 1
7667 W. Sample Road, Coral Springs, FL 33065
Contact Agent
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