Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $746 per day, based on similar listings in the area. Estimated short-term cap rate of 3.4%. PRESENTING EXTREMELY WELL LOCATED VALUE ADD FOURPLEX in Pompano Beach, one of the fastest growing cities in the county! Sits East of N Dixie HWY & West of N Federal HWY. Very close to the BEAUTIFUL BEACHES of Pompano, Hillsboro, & Lighthouse Point with a variety of nearby dining & shopping options. Each unit offers 3 BED 1 BATH layout & features dining/living room combo. This is an amazing opportunity to maximize rents with minimal TLC and/or renovations. OPTIMIZE OPERATION & REVENUE THROUGH SHORT / MID TERM RENTALS (88 OUT OF 100 RATING ON AIRDNA). CURRENT LEASES ARE MONTH TO MONTH & rented BELOW MARKET at $2,200 each. All tenants pay water /electric separately. 40 YEAR INSPECTION PASSED! Newer roof and A/C. Laundry facility on site. Add coin laundry amenity for MORE INCOME!
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $11253 |
Bedrooms | 12 |
Bathrooms | 4 |
SQFT | 3,905 |
Furnished | unknown |
Year built | 1966 |
Listing Status | Off Market |
MLS | A11545435 |
