Off-Market Property at 2610 NE 8th Ave, Pompano Beach, FL, 33064

2610 NE 8th Ave, Pompano Beach, FL, 33064

$420,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $196 per day and long-term for an average of $3,191 per month, based on similar listings in the area. Estimated short-term cap rate of 4.0%. Estimated long-term cap rate of 2.2%. Converted 3-bedroom, 2-bathroom.(Previous laundry was repurposed as a bathroom).1150 sqft house with NO HOA. Soft Zoysia grass and Irrigreen sprinkler system. Pergolas make spending time outside very comfortable. Tile throughout. New roof (3/21) and solar panels (4/21), avg power bill $15 due to service charges. Hurricane shutters. Dimmable lighting in every room. Ceiling fans. Gas tankless water heater (1/19) and stove. Exterior laundry with new dryer (11/22). Storage sheds. Tinted windows. A/C 5 yrs old with 10 yr warranty. LOCATION - 4 minutes from I95, US1, and citi center mall. Beach less than 10 minutes. Many restaurants in the area. 4 min to Whole Foods. 10 min to pompano beach amphitheater, parks, picnic areas, and other live music venues. Very convenient location!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2119
Bedrooms
3
Bathrooms
2
SQFT
1,117
Furnished
unknown
Year built
1963
Listing Status
Off Market
MLS
A11462263

Short-term Rental Potential
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$45,876

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$376

Price/SQFT

Long-term Rental Potential
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$38,292

Revenue
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Profit
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Cap rate
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Cash on Cash
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$3,191/mo

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