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Key Details
Sold Price $480,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,060 sqft
Price per Sqft $156
Subdivision Monticello Park Amd
MLS Listing ID F10325184
Style Triplex
Year Built 1996
Annual Tax Amount $7,161
Tax Year 2021
Property Sub-Type Triplex
Property Description
Income producing property in the heart of Pompano Beach. Duplex (4bd/2ba & 3bd/2ba) operating as a Fourplex (3bd/1ba, 2bd/1ba & 2 x 1bd/1ba). All units are rented, bringing in $3900/mo, which is way Below Rental Market. This property could easy bring $5000 to $5500/mo. Water & lawn is included in rent, owner pays for water less than $200/mo & lawn $60/mo. 3 Separate Electric Meters. Laundry Room with W&D Hook Up. Roof is 2016. 3 Water Heather 2016. AC 2016 & 3 wall units 2017. This property is on a oversized lot. Plenty of parking & long driveway. Area is being redeveloped by the City with new buildings & homes. Projected Annual Income: $60,000. Current Annual Income Is $46,800. Total Annual Expenses: $14,281 (water & lawn: $3,120. Annual Taxes: $7,161. Insurance: $4,000).
Location
State FL
County Broward County
Community Monticello Park
Area N Broward Dixie Hwy To Turnpike (3411-3432;3531)
Zoning RD-1
Interior
Heating Central Heat, Electric Heat, Window/Wall
Cooling Ceiling Fans, Central Cooling, Electric Cooling, Wall/Window Unit Cooling
Flooring Tile Floors
Exterior
Exterior Feature Patio
Water Access Y
Roof Type Comp Shingle Roof
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Water Municipal Water
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
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Bought with LoKation
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Kate Zhurko
Broker Associate | License ID: 3229050
Broker Associate License ID: 3229050
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