Income-Producing Fourplex in Central Pompano Beach – 6% 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 the installation of a brand-new central air conditioning system in each apartment, ensuring tenant comfort and modern appeal. Water expenses, paid by the landlord, are effectively offset by income from the laundry facilities. Highlights:6% Cap Rate, All Units Rented, Income-Generating Laundry Room, Independent Electric Meters,Landlord Pays Water offset by laundry income.
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 the installation of a brand-new central air conditioning system in each apartment, ensuring tenant comfort and modern appeal. Water expenses, paid by the landlord, are effectively offset by income from the laundry facilities. Highlights:6% Cap Rate, All Units Rented, Income-Generating Laundry Room, Independent Electric Meters,Landlord Pays Water offset by laundry income.
Property Details
Price:
$1,089,000
MLS #:
A11783500
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
PINEWOOD HEIGHTS
Neighborhood:
Pinewood Heights
City:
Pompano Beach
Listed Date:
Apr 10, 2025
State:
FL
Finished Sq Ft:
2,731
Total Sq Ft:
2,731
ZIP:
33060
Year Built:
1961
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Schools
Interior
Cooling
Central Air, Electric
Heating
Central, Electric
Exterior
Architectural Style
Detached
Construction Materials
C B S Construction
Parking Spots
5
Roof
Shingle
Financial
Tax Year
2024
Taxes
$15,918
Map
Community
- Address715 NW 5th Ave Pompano Beach FL
- SubdivisionPINEWOOD HEIGHTS
- CityPompano Beach
- CountyBroward County
- Zip Code33060
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