Income-Producing Fourplex in Central Pompano Beach – 5.3% 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 installation of brand-new central air conditioning system, impact windows, doors ensuring tenant comfort modern and appeal. Water expenses paid by the landlord, are effectively offset by income from the laundry facilities. Highlights:5.3% Cap Rate, All Units Rented, Income-Generating Laundry Room, Independent Electric Meters,Landlord Pays Water offset by laundry income.
- Address 715 NW 5th Ave
- City Pompano Beach
- County Broward
- Zip 33060
-
Price
$1,089,000
($399 / SqFt) - Status Active
- Subdivision Pinewood Heights
- Pets Allowed No
- MLS® # A11783500
- Property Type Residential Income
- Property Sub TypeQuadruplex
- Status Active
- Square Feet 2,731
- Year Built 1961
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $15,918
- Tax Year 2024