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715 NW 5th Ave

Pompano Beach, FL 33060
  • $825,000
  • STATUS: Active
  • ON SITE: 125 Days
  • MLS #: A11212454
UPDATED: 57 min ago
$825,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,731
    SQFT
  • $302
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

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.

Monthly Payment Calculator



Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-09-28T21:50:59.333.
www.ewm.com/homes/129177809
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715 NW 5th Ave Pompano Beach, FL 33060

  • Price: $825,000
  • Status: Active
  • On Site: 125 Days
  • Updated: 57 min ago
  • MLS #: A11212454
0
Beds
0
Baths
0
½ Baths
0.06
Acres
2,731
SQFT
$302
$/SQFT
1961
Built
Neighborhood:
Pinewood Heights
County:
Broward
Area:
Pinewood Heights
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.
Exterior Features

Architectural Style Other Construction Materials Concrete Block Construction Fencing Fence Lot Features Less Than 1/4 Acre Lot Parking Total 4 Pool Private YN No Roof Shingle View YN No Waterfront YN No

Interior Features

Adjusted Square Footage 2731 Building Area Total 2731 Building Features Laundry Facility Cooling Central Air Flooring VinylWood Heating None Heating YN No Stories 2 Window Features Clear Impact GlassPartial Impact Glass

Property Features

Association YN No Building Name Pinewood Heights Cooling YN Yes Documents Available Financial StatementCopy Of Lease(S)Rent Rolls Horse YN No Listing Terms All CashConventionalFha New Construction YN No Property Condition Substantially Remodeled Property Sub Type Quadruplex Public Survey Section 35 Rent Includes SewerTrash CollectionWater Senior Community YN No Sewer Public Sewer Structure Type QuadruplexFourplex Tax Annual Amount 7573 Tax Year 2021 Year Built Details Effective Year Built Zoning Residential

Listing courtesy of Atlas Investment R.E., Inc.: 305-502-3224.


Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-09-28T21:50:59.333.
 
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Berkshire Hathaway HomeServices EWM Realty
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