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325 NW 15th St

Pompano Beach, FL 33060

$1,015,000

Apartments For Sale  •  7,584 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 7,584 Sq Ft
  • Lot Size 0.3 ac
  • Year Built 1969
  • Cap Rate 6.27 %
  • Zoning RS-4
31 Transit Score
53 Walk Score

Description

Multi-family apartment complex in residential neighborhood, near all major highways and minutes from Pompano Beach stores and restaurants. The units have been upgraded and maintained regularly, with the move-in of new tenants. A solid income property with 95 to 100% occupancy on 12 month lease's, plus additional income from 4 coin operated machines in the laundry facility. The property has a single address with 2 Folio numbers,        
 # 4842-26-04-0460 / #4842-26-04-0470  and the two buildings can be financed as a single property.

Highlights

quiet street across from city park and close to schools
each unit has a large living area, galley style kitchens with a door to back stairway and laundry facility, units are filled with natural light
window A/C units have been replaced with wall units on remotes, ceiling fans have been added, the units are freshly painted with new base boards.

Financial Summary (Actual)

Net Operating Income: $71,092 (2019)
Cap Rate: 6.27 %
Total Expenses: $29,468

Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Laundry Facilities
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Linen Closet
  • Window Coverings

Public Transportation

Commuter RailDriveWalkDistance
Pompano Beach Commuter Rail (Tri-County Commuter) 7 min - 3.0 mi
Cypress Creek Commuter Rail (Tri-County Commuter) 9 min - 4.3 mi
AirportDriveWalkDistance
Fort Lauderdale–Hollywood International Airport 24 min - 15.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
Rosemary Bown 954-306-7400 EWM Realty International
Rosemary Bown 954-306-7400 EWM Realty International