915 NE 9th St

Florida, 915 NE 9th St, 33060

Property Description

No. Units: 4
Lot Size: 5,500 SF
Price/Unit: $81,250 /Unit
Property Type: Multifamily
Property Sub-type: Duplex/Triplex/Fourplex
Property Use Type: Investment
Commission Split: 3%
Cap Rate: 9.10%
Occupancy: 100%
No. Stories: 1
Year Built: 1964
Status: Active

OWNER FINANCING AVAILABLE!!! Fantastic find. Large triplex in the heart of Pompano. Unit breakdown is 3 Bed 1.5 Bath, 2 Bed 1.5 Bath and a 2 Bed 1 Bath. Building has separate water and electric meters so tenants pay their own water, trash, sewer and electric. Newer A/C’s, Accordion hurricane shutters, Hurricane rated doors. Close to beach and shopping. Surrounded by single-family homes. Annual Gross Rent is $36,900, Annual expenses are: Taxes $3,678, Insurance Estimated $3,000, Lawn $600.

Location Description:
Atlantic Blvd, east to NE 11th Ave. Go north to 8th St, make  a left to 10th Ave. Building will be on the corner of 10th and 9th St.

Financial Summary / Actual
Scheduled Gross Income / $36,900
Operating Expenses / $7,278
Net Operating Income / $29,622

Unit Mix Information
Description / No. Units / Avg. Mo. Rent
3 Bed 1.5 Bath / 1 / $1,100
2 Bed 1.5 Bath / 1 / $950
2 Bed 1 Bath / 1 / $1,025

Property Features

  • Hurricane shutters
  • Owner Financing! Great Terms!
  • Rents below market
  • Separate Water and Electric meters

Map

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