1-212-671-2347
nyfloridarealty@gmail.com
1-212-671-2347
1-212-671-2347

14 Unit Apartment Building Offered at $3,999,999 at a 5.25% Cap Rate in Pompano Beach, FL

14 Unit Apartment Building Offered at $3,999,999 at a 5.25% Cap Rate in Pompano Beach, FL

14 Unit Apartment Building Offered at $3,999,999 at a 5.25% Cap Rate in Pompano Beach, FL

 

$3,999,999

Property ID :

 RH-5132-property

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Bedrooms
14
Bathrooms
14
Area
5776 SF
Year Built
1953
Lot Size
0.23 AC

Description

14 units with right of way to the ocean. Leases in place with a net income of $210,000.

Additional Details

  • Building Class: C
  • Price Per Unit: $285,714
  • Cap Rate: 5.25%
  • No. Units: 14
  • No. Stories: 2
  • Average Occupancy: 93%
  • Property Type: Multifamily
  • Property Subtype: Apartment
  • Apartment Style: Low Rise