Income producing investment opportunity. 5 units – with a total of three 2 bedroom and 1 bath along with two 1 bedroom and 1 bath. All units are occupied with long term tenants. Units 2 and 3 have central A/C’s. Units 1,4 and 5 have wall units. Floors have been updated in most of the units with gray hardwood. Each unit has a separate electric meter, tenants pay their own electricity. Property is located on corner lot with well over a quarter acre of land. Owner receives additional income for a small portion of the lot. The property is currently at 6.95% cap rate. Please, do not disturb tenants.
The city of Pompano Beach is one of the most highly sought-after areas, with some of the strongest demographics in South Florida. Pompano Beach is currently in the middle of a redevelopment process to revitalize its beach-front and historic downtown. The city has also been listed as one of the top real estate markets, being featured CNN, Money and the Wall Street Journal as one of the country’s top vacation home markets. Pompano Beach Airpark, located within the city, is the home of the Goodyear Blimp Spirit of Innovation.