Basic Information

  • MLS # A11036465
  • Type Multi Family
  • Status Closed
  • Year Built 1972
  • Total Sqft 10,726
  • Date Listed 05/03/2021
  • Days on Market 36
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 21s, 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

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Style Multi Family

Interior Features

  • Adjusted Sqft 10,726Sq.Ft
  • Cooling Description Central Air
  • Floor Description Other
  • Heating Description Central
  • Sqft 10,726 Sq.Ft

Property Features

  • Address 1001 Pine Dr #1-8
  • Aprox. Lot Size 10,726
  • Construction Materials Block
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $22,491
  • Tax Legal desc OCEAN DRIVE ESTATES 8-2 B LOT 10,11 BLK 6
  • Tax Year 2020
  • Terms Considered Cash, Conventional
  • Type of Property Multi Family

1001 Pine Dr #1-8

Pompano Beach, FL 33060

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Galleria International Realty. tel: 954-229-2222

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