236 SE 9th Ave

Pompano Beach, 236 SE 9th Ave, 33060

Quick Summary

Property ID
PR1324744359
Price
$400,000
Area:
2,762 sq ft

Property Description

No. Units: 4
Lot Size: 6,126 SF
Price/Unit: $100,000 /Unit
Property Type: Multifamily
Property Sub-type: Duplex/Triplex/Fourplex
Property Use Type: Investment
Commission Split: 3%
Cap Rate: 9.20%
Occupancy: 100%
No. Stories: 1
Year Built: 1972
Status: Active

OWNER FINANCING AVAILABLE!!! Fantastic find. Large fourplex in the heart of Pompano. All units are 2 bed 1 bath. Building has separate water and electric meters so tenants pay their own water, trash, sewer and electric. Roof is only 3 years old. Accordion hurricane shutters, Updated Kitchens. Close to beach and shopping. Easy building to manage. Rents are below market. Annual Gross Rent is $45,888 Annual expenses are: Taxes $4,182, Insurance Estimated $4,000 Lawn $600.

Location Description:
Atlantic Blvd Rd east to SE 10th Ave. Go south to SE 1st St. Make a right to SW 9th Ave. Make a left property is on your left side.

Financial Summary / Actual
Scheduled Gross Income / $45,888
Operating Expenses / $8,782
Net Operating Income / $37,106

Unit Mix Information
Description / No. Units / Avg. Mo. Rent
2 Bed 1 Bath / 4 / $1,000

Property Features

  • Accordian Hurricane Shutters
  • Close to Beach and Shopping
  • Newer Roof
  • Owner Financing! Great Terms!
  • Separate Water and Electric meters

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