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23 NE 19th Ave Pompano Beach, FL 33060
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Key Details
Sold Price $1,225,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,517 sqft
Price per Sqft $348
Subdivision Pinehurst
MLS Listing ID A11522784
Style Fourplex
Year Built 1957
Annual Tax Amount $16,736
Tax Year 2023
Property Description
Subject property is a 7 unit apartment building with active hotel license, 3 one bedroom and 4 studios , currently no vacancies ! units rented annually with $109,000 annual gross income , NOI 6.1% , 3 buildings totaling 3,517 sf on approximately 13,700 sf lot, roof is 3 years old and recently upgraded electrical and updated panels in all units . this property has potential for future redevelopment , zoning allows up 20 units , 60 ft high or it can be operated as hotel /rbnb . centrally located near Atlantic and us1 , short distance to pompano beach , sopping ,restaurants and entertainment . financials available upon request . DRIVE BY ONLY ! DO NOT DISTURB TENANTS!
Location
State FL
County Broward County
Community Pinehurst
Area 3332
Interior
Heating Electric
Cooling Electric, Other, Wall/Window Unit(s)
Flooring Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Public Sewer
Structure Type Brick,Block
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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Bought with Compass Florida, LLC