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 | See Full Details |
Occupancy Rate | See Full Details |
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 |
