216 NE 18th Ave - Apartments FOR SALE


Pompano Beach, FL 33060
$945,000 USD
480-375-0227
216 NE 18th Ave, Pompano Beach, FL for Sale
$945,000 USD
Apartments - FOR SALE
1/48
null | 3.89% Cap Rate

216 NE 18th Ave
Pompano Beach, FL 33060


OVERVIEW

Welcome to Three at 18th. Seller may Carry! This is a fully licensed short term rental only 1.2 miles from the beach. This triplex property features a 3 bedroom 1 bath. 1 bedroom one bath and one studio. Two electric metes and one on site laundry for every one to use. Comes fully furnished. Currently being ran with short month to month tenants and as vacation rentals online. Current Rents (includes water, electric , internet, and Netflix)as follows: A $2850/mo. B $1840/mo. C $900/mo. Total $5590.00/mo. Expenses (average) Water $157/mo. Electric $380/mo. Internet $140/mo. rented way below market rents. Perfect for owner user or value add to raise rents. All facts and figures are approximate buyer verify MLS information. Drive by only tenant occupied.

FOR SALE DETAILS

PRICE

$945,000 USD

PRICE/SF

$520 USD /SF

# OF UNITS

3

PRICE/UNIT

$315,000

CAP RATE

3.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Three on 18th

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,035 SF

ZONING

TO-EOD

APN/PARCEL ID

48-42-36-01-1210

ASK ABOUT THIS PROPERTY

Sophia WilletsGrace CREMore Info
480-375-0227

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Sophia WilletsGrace CREMore Info
480-375-0227

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.