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Pompano Beach,FL 33060
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,731 sqft
Price per Sqft $398
Subdivision Pinewood Heights
MLS Listing ID A11783500
Style Fourplex
Year Built 1961
Annual Tax Amount $15,918
Tax Year 2024
Property Sub-Type Quadruplex
Property Description
Income-Producing Fourplex in Central Pompano Beach – 6% Cap Rate
This remodeled fourplex offers a strong investment opportunity in the heart of Pompano Beach. All four units are currently rented, providing stable income, with additional revenue generated from an on-site laundry room. Each unit is separately metered for electricity, minimizing landlord expenses.The building has undergone a complete renovation, including the installation of a brand-new central air conditioning system in each apartment, ensuring tenant comfort and modern appeal. Water expenses, paid by the landlord, are effectively offset by income from the laundry facilities. Highlights:6% Cap Rate, All Units Rented, Income-Generating Laundry Room, Independent Electric Meters,Landlord Pays Water offset by laundry income.
Location
State FL
County Broward
Community Pinewood Heights
Area 3411
Interior
Heating Central,Electric
Cooling Central Air,Electric
Flooring Laminate
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional