Off-Market Property at 23 NE 19th Ave, Pompano Beach, FL, 33060
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23 NE 19th Ave, Pompano Beach, FL, 33060

$1,290,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $133 per day and long-term for an average of $1,700 per month, based on similar listings in the area. Estimated short-term cap rate of -5.5%. Estimated long-term cap rate of -6.1%. Subject property is a 7 unit apartment building with active hotel license, 3 one bedroom and 4 studios , currently no vacancies ! units rented annually with $109,000 annual gross income , NOI 6.1% , 3 buildings totaling 3,517 sf on approximately 13,700 sf lot, roof is 3 years old and recently upgraded electrical and updated panels in all units . this property has potential for future redevelopment , zoning allows up 20 units , 60 ft high or it can be operated as hotel /rbnb . centrally located near Atlantic and us1 , short distance to pompano beach , sopping ,restaurants and entertainment . financials available upon request . DRIVE BY ONLY ! DO NOT DISTURB TENANTS!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$16736
Bedrooms
1
Bathrooms
1
SQFT
3,517
Furnished
unknown
Year built
1957
Listing Status
Off Market
MLS
A11522784

Short-term Rental Potential
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$28,704

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$366

Price/SQFT

Long-term Rental Potential
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$20,400

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,700/mo

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