Subject property is a 7 unit apartment building with active hotel license, 3 one bedroom and 4 studios , currently no vacancies ! units rented annually with $109,000 annual gross income , NOI 6.1% , 3 buildings totaling 3,517 sf on approximately 13,700 sf lot, roof is 3 years old and recently upgraded electrical and updated panels in all units . this property has potential for future redevelopment , zoning allows up 20 units , 60 ft high or it can be operated as hotel /rbnb . centrally located near Atlantic and us1 , short distance to pompano beach , sopping ,restaurants and entertainment . financials available upon request . DRIVE BY ONLY ! DO NOT DISTURB TENANTS!
Property Details
Price:
$1,290,000
MLS #:
A11522784
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
23 NE 19th Ave
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
PINEHURST
City:
Pompano Beach
Listed Date:
Jan 1, 2024
State:
FL
Finished Sq Ft:
3,517
ZIP:
33060
Year Built:
1957
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Schools
Interior
Cooling
Electric, Other, Wall/ Window Unit(s)
Flooring
Tile
Heating
Electric
Exterior
Architectural Style
Detached
Construction Materials
Concrete Block With Brick, C B S Construction
Parking Spots
10
Roof
Shingle
Financial
Buyer Agent Compensation
3%%
HOA Frequency
Annually
Tax Year
2023
Taxes
$16,736
Map
Community
- Address23 NE 19th Ave Pompano Beach FL
- CityPompano Beach
- CountyBroward County
- Zip Code33060
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