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

715 5th Ave for Sale

Price $1,089,000.00

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

Description

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.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11783500 Please call or text Esthael Rendon 786-355-5887 or Lucy Rodriguez 786-797-7452 for showing instruction and additional information. Thank you

PINEWOOD HEIGHTS 23-23 B LOT 3 BLK 2

Less Than 1/4 Acre Lot

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.

City:Pompano Beach,Zoning:RS-4,Cooling:1:Electric,Heating:1:Electric,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2024,Latitude:26.2381726,Cooling Y N:1,Heating Y N:1,List Price:1089000,Listing Id:A11783500,Longitude:-80.1299417,Mls Status:Active,Year Built:1961,Living Area:2731,Postal Code:33060,Street Name:5th Ave,Coordinates:1:26.2381726,Photos Count:24,Building Name:PINEWOOD HEIGHTS,Days On Market:14,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:3411,M L S Area Major:Pinewood Heights,On Market Date:2025-04-10,Parcel Number:484235420150,Parking Total:5,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,3:Water,Stories Total:2,Street Number:715,M I A M I R E_ Style:Fourplex,Public Remarks: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.,Structure Type:1:Fourplex,County Or Parish:Broward County,List Office Name:Lopez & Hurst Realty, Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5556,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:PINEWOOD HEIGHTS,Tax Annual Amount:15918,Unparsed Address:715 NW 5th Ave, Pompano Beach FL 33060,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:2731,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:398.755,Original List Price:1089000,Public Survey Range:48,Documents Available:1:Equipment Lists,2:Inventory,3:Copy Of Lease(S),4:Rent Rolls,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2025-04-10,Originating System I D:miamire,Public Survey Section:35,Showing Instructions:See Broker Remarks,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,M I A M I R E_ Internet Remarks:6% Cap Rate. Fully remodeled offers a strong investment. All units rented, providing stable income, revenue from laundry. Separate electric meters.,Contract Status Change Date:2025-04-10,Internet Address Display Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:398.76,