1001 Pine Dr, Pompano Beach, FL 33060 | MLS A11036648 | Listing Information | BHHS Florida Realty
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Pending
$1,800,000

1001 Pine Dr
Pompano Beach, FL 33060

Fourplex
Residence
6,915
Sq. Ft.
0.5
Acre Lot
1of
Photos
Map
Courtesy: Galleria International Realty
BHHS Florida Realty> Florida> Pompano Beach> 33060
Welcome to the perfect real estate investment property... This property is rented entirely to one tenant who is responsible for most property Maintenance & Expenses with the exception of major property repairs, property insurance policy and property taxes. Tenant has a halfway house business for Rehab patients, (NOT INCLUDED) It serves between the initial medical rehab and going back to independent life to avoid relapse. Tenant is on a 5-year lease with 2 more years left and is absolutely interested in staying for far longer than that. This property has 8 units all 2/1's, Making $132,000 Yearly ($11,000 per month) has $34,747 Yearly Expenses, and Netting $97,253. The current Cap Rate is 5.4% The halfway house License is worth over $100,000 and it is attached to the property
A11036648
Fourplex, 2 Story
Broward
1972
0.5 Acres
2
Block
PublicSewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Galleria International Realty
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