38 Unit Portfolio In Pompano Beach Available

  • $3,969,000

38 Unit Portfolio In Pompano Beach IS READY TO GO

ALL 2/1’s
Buy 4 Four-plexes
Buy 4 Tri-plexes
Buy 1 10 Unit Multi family–All 2/1’s
ASKING; $3,965,000
You can own this asset for $3,300,000+/-
Tremendous Income with future increases.
See info. and numbers below.

38 UNIT PORTFOLIO IN POMPANO BEACH

Attached the following…
2018/2019 P&L
Section 8 Lease info – 6 total (obtaining HUD copies)
Cap Ex for roof replacement. New roofs on all 9 properties
3 months utility bills
3 year rental collection each property
40 year certification – 10 units property
Rent rolls summary
Comparables
_______________________________________________

9 individual properties couple blocks from each other.
5 contiguous (8th Avenue – 26 units) and 4 contiguous (12th Court – 12 units).
38 total, all 2/1 units with a market cap north of 9%.

All properties have new roofs as of 2019/2020.
32 of the 38 units are rented at $1,000 monthly all month to month (no leases)
6 of the 38 units are Section 8 – $1,125-$1,150 monthly.

Additional details below.

Portfolio addresses:
860 NW 8th Avenue – 4-plex – 3,605 sq.ft – Four 2/1 units – 901 sq.ft per unit
880 NW 8th Avenue – 4-plex – 3,605 sq.ft – Four 2/1 units – 901 sq.ft per unit
900 NW 8th Avenue – 4-plex – 3,605 sq.ft – Four 2/1 units – 901 sq.ft per unit
920 NW 8th Avenue – 4-plex – 3,605 sq.ft – Four 2/1 units – 901 sq.ft per unit
940 NW 8th Avenue – 10-units – 8,377 sq.ft – Ten 2/1 units – 837 sq.ft per unit
225 NW 12th Court – Triplex – 1,994 sq.ft – Three 2/1 units – 664 sq.ft per unit
229 NW 12th Court – Triplex – 1,994 sq.ft – Three 2/1 units – 664 sq.ft per unit
233 NW 12th Court – Triplex – 2,170 sq.ft – Three 2/1 units – 723 sq.ft per unit
237 NW 12th Court – Triplex – 2,170 sq.ft – Three 2/1 units – 723 sq.ft per unit
Subject Portfolio:

– 860,880,900,920 & 940 NW 8th Avenue, Pompano Beach FL 33060
– 225,229,233,237 NW 12th Court, Pompano Beach FL 33060
38 units
31,125 sq.ft – (38) 2/1 units – 819 sq.ft per unit
________________________________________________________

Comp #1: 200 NW 7th Street, Pompano Beach FL 33060
4-plex
3,624 sq.ft – Four 2/1 units – 906 sq.ft per unit
Sold: 12/5/2019 – $485,000
Price per door: $121,500
Price per square foot: $133.83
Notes: Excellent and close to identical comparable to the portfolio 4-plex units at 860, 880, 900 & 920.
Comp #2: 1300 NW 2th Avenue, Pompano Beach FL 33060
22 units
13,500 sq.ft – (15) 2/1 units – (7) 1/1 units – 613 sq.ft per unit
Sold: 6/25/2019 – $1,980,000
Price per door: $90,000
Price per square foot: $146.66
Notes: 22 units, lower pricing based on 15 – 2/1 units and 7 – 1/1 units compared to all 2/1 units in subject portfolio. Also much smaller by average of 200 sq.ft per unit.
Comp #3: 417 NW 7th Avenue, Pompano Beach FL 33060
6-plex
4,501 sq.ft – Six 2/1 units – 684 sq.ft per unit
1/2019 – $565,000
Price per door: $94,166
Price per square foot: $137.63

Available on 06.11.2020

Don’t let this excellent opportunity pass you by! Click The Link Below

Make An Offer On This Property

  • This field is for validation purposes and should be left unchanged.
Price:
$3,969,000
Address:
38 Unit Portfolio In
Pompano Beach , Florida
Terms:
Assignment of Contract
Property Type:
Multi-family

Call (954) 280-5883 for more details

Property Location