$480,000
$500,000
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3,060 SqFt
SOLD DATE : 05/31/2022
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
Sold Date 05/31/22
Style Triplex
Construction Status Resale
HOA Y/N No
Year Built 1996
Annual Tax Amount $7,161
Tax Year 2021
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
Waterfront No
Water Access Y
Water Access Desc None
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
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