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9Beds
7Baths
-1SqFt
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Matthew Bank
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Property Type: Multi-Family
Listing Status: Off Market
Purchase Type: For Sale
MLS Listing ID: A1589470172
Bedrooms: 9
Property Description
Amazing Multifamily Jewel available with a current 7.7% Cap Rate!! 7 Units on a huge 14,000 sqft spacious property with excellent curb appeal in a great area of Pompano Beach. 100% occupied with long term tenants since the owner purchased the building and updated. Easy rent collection and Seller also easily manages the property himself. Gross Income is $90,600. Projected Gross Income is $97,200. Annual Expenses are $17,768 which include Property Taxes:$9668, Water/Sewer:$5700, Insurance $1300, Lawn $1200. Electric is paid by Tenants. 3 units are 2Bedroom 1Bath, 3 units are 1Bedroom 1Bath and 1 Large studio with a full kitchen. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!
Listing provided by RPM Luxe Realty
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