715 5th Ave ,Other, Quadruplex, Pinewood Heights for Sale

715 5th Ave for Sale

Price $825,000.00

  • Lot size 2731
  • Year Build 1961
  • Waterfront
  • Zip 33060
  • Style Other
  • Parking Description
  • Pool Yes
  • Status Pending
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Description

Opportunity Zone newly renovated cash-flowing investment property. Four 2/1 units fully renovated with year leases. 8% Cap Rate. See accurate financials below. Featuring all new central ACs, updated electrical, impact windows (last ones currently being installed) and impact doors, replaced old cast iron piping with new PVC, installed new copper water piping, replaced wood beam rafters and structural sub-flooring for the second level. Interiors upgraded as well with new kitchens, bathrooms, etc. Gross Annual Income: $85,200 NOI: $70,126 Monthly Rents are: #1 $1,600 #2 $1,800 #3 $1,600 #4 $1,800 Annual Expenses: Taxes - $7,573 Insurance - $4,741 Water and Sewer - $2,760 Brand new coin operated washer and dryers are generating an extra $300 positive cash flow per month.

Agents, please have your clients drive by the property before scheduling a showing and making an offer. Showings are available after an offer has been accepted. Please do not disturb the tenants. Send offers to trevortalbot6@gmail.com. Text listing agent, Trevor Talbot, for questions and/or to schedule a phone call.

PINEWOOD HEIGHTS 23-23 B LOT 3 BLK 2

Less Than 1/4 Acre Lot

Opportunity Zone newly renovated cash-flowing investment property. Four 2/1 units fully renovated with year leases. 8% Cap Rate. See accurate financials below. Featuring all new central ACs, updated electrical, impact windows (last ones currently being installed) and impact doors, replaced old cast iron piping with new PVC, installed new copper water piping, replaced wood beam rafters and structural sub-flooring for the second level. Interiors upgraded as well with new kitchens, bathrooms, etc. Gross Annual Income: $85,200 NOI: $70,126 Monthly Rents are: #1 $1,600 #2 $1,800 #3 $1,600 #4 $1,800 Annual Expenses: Taxes - $7,573 Insurance - $4,741 Water and Sewer - $2,760 Brand new coin operated washer and dryers are generating an extra $300 positive cash flow per month.

City:Pompano Beach,Zoning:Residential,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2021,Flooring:1:Wood,Latitude:26.2381448,Cooling Y N:1,List Price:825000,Listing Id:A11212454,Longitude:-80.1299152,Mls Status:Pending,Year Built:1961,Living Area:2731,Postal Code:33060,Street Name:5th Ave,Contingency:Pending Inspections,Coordinates:1:26.2381448,Photos Count:18,Building Name:PINEWOOD HEIGHTS,Days On Market:118,Listing Terms:1:Conventional,2:FHA,Lot Size Units:Square Feet,M L S Area Major:Pinewood Heights,On Market Date:2022-05-25,Parcel Number:484235420150,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Trash Collection,2:Water,Stories Total:2,Street Number:715,M I A M I R E_ Style:Fourplex,Off Market Date:2022-10-15,Public Remarks:Opportunity Zone newly renovated cash-flowing investment property. Four 2/1 units fully renovated with year leases. 8% Cap Rate. See accurate financials below. Featuring all new central ACs, updated electrical, impact windows (last ones currently being installed) and impact doors, replaced old cast iron piping with new PVC, installed new copper water piping, replaced wood beam rafters and structural sub-flooring for the second level. Interiors upgraded as well with new kitchens, bathrooms, etc. Gross Annual Income: $85,200 NOI: $70,126 Monthly Rents are: #1 $1,600 #2 $1,800 #3 $1,600 #4 $1,800 Annual Expenses: Taxes - $7,573 Insurance - $4,741 Water and Sewer - $2,760 Brand new coin operated washer and dryers are generating an extra $300 positive cash flow per month.,Structure Type:1:Fourplex,County Or Parish:Broward County,Expiration Date:2022-12-25,List Office Name:Atlas Investment R.E., Inc.,Standard Status:Pending,Window Features:1:Partial Impact Glass,Living Area Units:Square Feet,Major Change Type:Pending,Postal Code Plus4:5556,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:PINEWOOD HEIGHTS,Tax Annual Amount:7573,Unparsed Address:715 NW 5th Ave, Pompano Beach FL 33060,Listing Agreement:Exclusive Agency,Year Built Details:Effective Year Built,Building Area Total:2731,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:302.0871,Original List Price:875000,Previous List Price:870000,Public Survey Range:48,Documents Available:1:Copy Of Lease(S),2:Rent Rolls,I D X Participation Y N:1,Number Of Units Total:4,Syndication Remarks:Opportunity Zone newly renovated cash-flowing investment property. Four 2/1 units fully renovated with year leases. 8% Cap Rate. See accurate financials below. Featuring all new central ACs, updated electrical, impact windows (last ones currently being installed) and impact doors, replaced old cast iron piping with new PVC, installed new copper water piping, replaced wood beam rafters and structural sub-flooring for the second level. Interiors upgraded as well with new kitchens, bathrooms, etc. Gross Annual Income: $85,200 NOI: $70,126 Monthly Rents are: #1 $1,600 #2 $1,800 #3 $1,600 #4 $1,800 Annual Expenses: Taxes - $7,573 Insurance - $4,741 Water and Sewer - $2,760 Brand new coin operated washer and dryers are generating an extra $300 positive cash flow per month.,Listing Contract Date:2022-05-25,Originating System I D:miamire,Public Survey Section:35,Showing Instructions:24 Hour Notice,Call Listing Agent,Street Number Numeric:715,Tax Legal Description:PINEWOOD HEIGHTS 23-23 B LOT 3 BLK 2,Public Survey Township:48,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:2731,Contract Status Change Date:2022-10-15,Internet Address Display Y N:1,Number Of Units In Community:4,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:302.09,

  • Price $825,000.00
  • Price Change: 2022-08-15
  • Lot size sq. ft.
  • Price per sq.ft. $
  • Year Build 1961
  • Waterfront
  • View
  • Pool Yes
  • Style Other
  • Construction
  • Parking Description
  • Flooring Type Vinyl, Wood
  • Property Type Residential Income
  • Status Pending
  • Listed 2022-08-15
  • Days on Market 247
  • Furnished
  • City Pompano Beach
  • Zip 33060
  • State Florida
  • Subdivision
  • Development Name PINEWOOD HEIGHTS
  • HOA Fees
  • Taxes 7573
  • Taxes Year 2021