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    1001 Pine Dr , 1-8

    Pompano Beach, FL 33060
    • $1,800,000
    • STATUS: Active
    • ON SITE: 4 days
    • ID#: A11036465
    New On Site 4 Days Ago
    UPDATED: 60 min ago
    $1,800,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1972
    County:

    School Ratings & Info

    Description

    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

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    Copyright 2021, 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 2021, 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 2021-05-08T11:41:53.743.
    www.daltonwadesouthflorida.com/homes/116715927
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    1001 Pine Dr , 1-8 Pompano Beach, FL 33060

    • Price: $1,800,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: A11036465
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    1972
    Built
    County:
    Broward
    Property Description
    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
    Exterior Features

    Construction Materials Cbs Construction Inclusions Building & LandLeasesLicenseLeases Lot Features City LocationCorner UnitCorner LotIn Residential Area Pool Private YN No Road Frontage Type City Street Roof Tile Roof View YN No Waterfront YN No

    Interior Features

    Building Area Total 6915 Building Features Awning/Hurricane CoversLaundry Facilities Cooling Central Individual A/C Flooring Other Heating Central Individual A/C Window Features Complete Accordian Shutters

    Property Features

    Association YN No Business Type ApartmentsResidential-Multi-Family Cooling YN Yes Documents Available Financial StatementCopy Of Lease(S)Other Available InformationPhotos Heating YN Yes Horse YN No Insurance Expense 12256 Internet Address Display YN Yes Internet Automated Valuation Display YN Yes Internet Entire Listing Display YN Yes Land Lease YN No Lease Considered YN Yes Lease Term 1 To 3 Year Lease Listing Terms All CashConventional/Refinance Maintenance Expense 0 New Construction YN No Senior Community YN No Sewer Public Sanitation Special Listing Conditions Sale Structure Type Free Standing Tax Annual Amount 22491 Tax Year 2020 Tenant Pays Common Area MaintenanceExterior MaintenanceInterior MaintenanceSewerTrash CollectionWater Water Source Public

    Listing courtesy of Galleria International Realty.


    Copyright 2021, 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 2021, 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 2021-05-08T11:41:53.743.
     
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