APARTMENTS 12 UNITS 100% OCCUPIED-22269

Residential Type / Multifamily / 22269 , Pompano Beach Florida 33062

 
User Profile Image

RANDY NORTH

Capital Commercial Group

Office Phone: 954-455-3366

 

Like us on Facebook

Share with Google Plus

Published on: Thursday, November 17, 2016 9:39:14 AM
Updated on: Thursday, November 17, 2016 9:39:14 AM

Quick Glance


Listing ID: RL-Florida-81337

Status: Accepting Offers

Property Status: Normal Sale

Building Status: Existing

Year Built: N/A

Building Size: N/A Sq Ft.

 

Total Rooms: N/A

No of Bedrooms: N/A

No of Bathrooms: N/a

No of Half Bathrooms: N/a

Lot Area: N/A Sq Ft.

No of Stories: N/A

No of Parking: N/A

No of Garages: N/a

Pool: No

Water Front: No

Roofing: Undefined

 Details

Listing Summary: APARTMENTS 100% OCCUPIED WITH GREAT UPSIDE POTENTIAL

Acquisition Option Selected: Traditional Purchase

Commission Split (%): 2

Complete Details


Year Build: 0

Building Size: 0

Total Lot Area: 0

No. of Stories: 0

No. of Parking: 0

Total Rooms: 0

No. of Bed Rooms: 0

No. of Bath Rooms: 0

No. of Half-Baths: 0

No. of Garages: 0

No. of Kitchen: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Undefined

Furnished: No

Water Front: No

Pool: No

Roofing: Undefined

Detail Description


This is a 12 unit multi-family property with lots of upside potential! It is a prime location easy 2 blocks from the beach, in an extremely desirable rental area. Building includes 1 elevator, 2 stairwells, central fire alarm, electric entry gate and central air/heat. Property has been substantially renovated and each unit has washer and dryer. It has six- 1 bedroom 1 bath, four- 2 bedroom 1 bath, one- 2 bedroom 2 bathroom and one huge 4 bedroom 2 bathroom with about 3,500 sq. ft. and 3 balconies. The property is composed of one building and was built in 1966. It has a building area of 15,000+/- sq. ft. situated on a 13,000+/- sq. ft. lot. The property is always fully rented with very low turnover due to long term tenants and below market rents. In our current rental market, where there is a shortage of rental properties, the units usually rent in less than one week. Additionally, with rents below market, the savvy investor will be able to greatly increase profits by bringing rents up to market rates. Another possibility that had been considered in the past would be a condo conversion or possibly changing to a beach motel. Property has 15 electric meters, as the largest unit was combined. For additional information, contact Marcia Gannon at 954-868-0166.

 LoudLister :: a Social Real Estate resource and offer engine