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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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2051 NE 25th Ave , Pompano Beach, FL 33062
$799,000
Est. Payment: $1,775.56/mo
4 Bed
4 Bath
2483 Sqft
Status: Active | Days on site: 72
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House Description

Multifamily Investor Opportunity East of Federal Hwy - BACK ON THE MARKET!! CASH ONLY / Seller would be open to Seller Financing will the right terms. Located just 5 minutes to the beach and approx. 7 minutes to Old Town Pompano, an area experiencing significant redevelopment with new restaurants, retail, and mixed-use projects. Conveniently close to Pompano City Mall, shopping, dining, and entertainment. Turnkey investment opportunity in one of South Florida’s fastest-growing markets. The property is currently generating $5,950/month in rental income, inclusive of utilities, with all units occupied. Current leases run through October/November. Each of the two existing 1-bed/1-bath units features in-unit washer/dryers, private patios, and separate backyard spaces, which helps support strong rental demand, particularly to tenants with pets. One of the more attractive aspects of the property is the future upside and reconfiguration potential. By enclosing the existing carport spaces, a Buyer could convert the property into four true 1-bedroom/1-bath units, significantly increasing rental appeal and long-term income potential. Another option could be re-configuring the layout into two larger 2-bed/2-bath residences. Overall, it presents a strong opportunity for an investor looking for immediate cash flow with additional upside through improvements and repositioning. Showings will be granted upon submission of a written, signed “As-Is” contract.

Highlights

Listed by Samantha Cafiero , 954-482-2437 The Jarvis Group Inc , 954-482-2437.

Property Type

Multi-Family

Year Built

1965

County

Broward

Area

3231

Neighborhood

Connor Estates

Listing ID

A12002958

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:4
  • Full Bathrooms:
Air Cond:Central Air,Ceiling Fan(s),Wall/Window Unit(s)
Fireplaces:
Floor:Tile

Exterior Features

Lot:< 1/4 Acre
Garage Capacity:6
Zoning:RD-1
Roof:Shingle
Sewer:Public Sewer
Principal Interest
$1,776
Taxes
$1,116

Home Price

$799,000

Loan Details

30 yrs
%

Down Payment

20%
$159,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,775.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,775.56 $1,116.33 $0.00 $2,891.89
Yearly $21,306.67 $13,396.00 $0.00 $34,702.67
Total $639,200.00 $401,880.00 $0.00 $1,041,080.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Pompano Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.