This is an income property. It consists of four legal units with no violations, a clear title, and a completed 40 Yr. Recertification. Has a 100% Occupancy Rate! Current Cap Rate 6.85%; Projected Cap Rate 8.87% It’s a completely renovated 4 unit multifamil

200 NORTH WEST 7TH ST, Pompano Beach

$510,000 USD
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Address200 NORTH WEST 7TH ST, Pompano Beach
Building NameSUMPTERS COL ADD TO POMPA
Type of PropertyQuadruplex
Property StyleQuadruplex
Price$510,000
Previous Price$530,000 (43 days ago)
Sold on6th December, 2019
Sold Price$485,000
Property StatusClosed Sale
MLS NumberA10685663
Living Area3536
Lot Size3525
Year Built1976
Parking Space Number5
Folio Number484235100150
Gross Rent Income$47,880
Net Operating Income$34,929
Zoning InformationRM-7
Days on Market43

Detailed Description: This is an income property. It consists of four legal units with no violations, a clear title, and a completed 40 Yr. Recertification. Has a 100% Occupancy Rate! Current Cap Rate 6.85%; Projected Cap Rate 8.87% It’s a completely renovated 4 unit multifamily! The 40 Yr. Recertification was done on October 11,2016 and approved on November 28,2016. There is no septic tank, and landlord pays the water every month. There are four separate light meters. Each tenant pays the light utility. Four parking spaces and one parking for guests. Tenants are great and very punctual in paying the rent! It’s in a very safe neighborhood located East of I95.

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Address Information
StateFlorida
CityPompano Beach
CountyBroward County
Zip Code33060
Address200 NORTH WEST 7TH ST
Section35
Zip Code (4 Digits)5642
Financial Information
Price$510,000
Price per Foot$0
Previous Price$530,000
Sold on6th December, 2019
Sold Price$485,000
Folio Number484235100150
Gross Rent Income$47,880
Net Operating Income$34,929
Tax Amount$5,307
Tax Year2018
Terms of SaleCash
Possession InformationRental Agreement
Full Descriptions
Detailed DescriptionThis is an income property. It consists of four legal units with no violations, a clear title, and a completed 40 Yr. Recertification. Has a 100% Occupancy Rate! Current Cap Rate 6.85%; Projected Cap Rate 8.87% It’s a completely renovated 4 unit multifamily! The 40 Yr. Recertification was done on October 11,2016 and approved on November 28,2016. There is no septic tank, and landlord pays the water every month. There are four separate light meters. Each tenant pays the light utility. Four parking spaces and one parking for guests. Tenants are great and very punctual in paying the rent! It’s in a very safe neighborhood located East of I95.
How to ReachTake I-95 N to FL-814 / W Atlantic Blvd in Pompano Beach. Take exit 36 from I-95 N; Follow FL-814 / W Atlantic Blvd, NW 6th Ave and NW 3rd St to NW 7th St; Destination will be on the right
Roof DescriptionOther
Floor DescriptionTile
Cooling DescriptionWall / Window Unit (s)
Heating DescriptionWindow / Wall
Sewer DescriptionPublic Sewer
Property parameters
Living Area3536
Lot Size3525
Zoning InformationRM-7
Year Built1976
Type of PropertyQuadruplex
StyleQuadruplex
Building NameSUMPTERS COL ADD TO POMPA
Construction TypeCBS Construction
Stories Number2.000
Street DirectionNorth West
Parking Space Number5
Listed withCasa Miami Realty