$1,110,000
Pompano Beach, FL 33060
MLS# FX-10411059
Status: Closed
2800 sqft
1 / 8
Property Description
Well maintained TRIPLEX with TRANSIT- ORIENTED (TO) zoning on corner lot is a GREAT INVESTMENT OPPORTUNITY in developing East Atlantic Blvd corridor. TO zoning accommodates moderate- to high-intensity, compact, mixed-use development within walking distance to newly revitalized Atlantic Blvd with bustling new restaurants, bars and shops. This property is currently earning $6,000 in monthly gross rental income on month-to-month leases and within short 1-mile walk to beach! New roof (2022), landscaping, irrigation, exterior light fixtures, and 6 paved parking spaces. Each unit is 2/1, with new central A/Cs (2020/2021), newer water heaters, storm shutters, independent laundry/utility rooms with washer/dryer hook-ups. Tenants have been in place for ~10 years - please do not disturb them.
Details
Maps
Contract Information
Listing Date: 2023-11-25
Status: Closed
Original List Price: 1110000
List Price: $1,110,000
Current Price: $965,000
List Price/SqFt: 396.43
Comm/Buyer Agent: 2%
Comm/Trans Brk: 2%
General Property Description
Type: Triplex
Total # of Units: 3
Property Condition: Resale
Year Built: 1969
Number of Stories: 1
SqFt - Living: 2800
Homeowners Assoc: None
Directions: From I-95, head East on Atlantic Blvd to NE 20th Avenue (1 block before A1A) and make left. Drive North 1 block and property is on left at SW corner of NE 20th Avenue and NE 2nd Street.
Subdivision: Pinehurst 5-13 B
Lot Dimensions: 50' x 140'
Waterfront: No
Private Pool: No
Spa: No
Separate Elec Meters: No
Separate Wtr Meters: No
Location, Tax & Legal
Area: 3332
Geo Area: NDIX
Country: United States
County: Broward
Parcel ID: 484236011490
Street #: 39
Street Dir: NE
Street Name: 20th
Street Suffix: Avenue
State/Province: FL
Zip Code: 33060
Short Sale: No
REO: No
HOPA: No Hopa
Legal Desc: PINEHURST 5-13 B LOT 1 BLK 12
Zoning: TO
Tax Year: 2022
Taxes: 7841
Geo Lat: 26.23344
Geo Lon: -80.10421
Office/Member Info
DXORIGMLNO: F10411059
DXORIGMLSID: FLL
Status Change Info
Under Contract Date: 2024-02-21
Sold Date: 2024-04-22
Sold Price: 965000
Terms of Sale: Conventional
Sold Price/SqFt: 344.64
Unit 1 Info
Bedrooms: 2
Full Bath: 1
SqFt: 900
Monthly Income: 2000
Income & Expenses
Gross Operating Inc: 72000
Annual Total Expense: 17594
Annual Net Oper Inc: 54406
Property Features
Construction: Block; Concrete; Stucco
Lot Description: < 1/4 Acre
Exterior Features: Auto Sprinkler; Fence; Shutters
Maintenance Fee Incl: Common R.E. Tax; Insurance-Other; Lawn Care; Pest Control; Sewer; Trash Removal; Water
Cooling: Central
Heating: Central
Roof: Comp Shingle
Terms Considered: Cash; Conventional
Utilities: Cable; Public Sewer; Public Water
Window Treatments: Blinds
Special Info: Sold As-Is; Survey
Taxes: City/County
Avail Info: Deposit Security; Leases
Contingencies: None
Listing Office: Coming Home Realty
Last Updated: April - 30 - 2024
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Friday 17th of May 2024 06:01 PM