Off-Market 16 Unit Multifamily in Pompano Beach 12 Cap Potential

[Gregory Avalone]

Great multifamily opportunity. Property consists of 4 separate folios on connecting lots. Each unit is a full 1/1 unit. Contact for details. 305-900-7391.

Price: $850,000 CASH or Hard Money ONLY

Est. Rehab: $20,000

Cap Rate Potential: 12%

Est. MKT. Rent $10,850/month

Current Cap: 8%

Current Rent $7560/month

Layout: 16 Bed, 16 Bath all 1/1 units (6616 sqft, 24,768 sqft lot )

Incredible 16-Unit Multi-Family property!
Four (4) contiguous 4-plex's totaling 16 units for sale in Pompano Beach, on 25,000 sq. ft. of land.

13 units currently rented
3 under renovation

Amazing value-add opportunity.
Current cap of 8% with easy 12%+ potential at market rent.
Each unit pays their own utilities. Meter/utility room can be converted to laundry room for additional income.

40 Year Certification NOT Required. (Each building is below required size to need it)

At $53k per door, this is an opportunity you must capitalize on.

Comps:
3032 NW 2 ST 1-4 sold $240K thats $60k/door
3028 NW 2 ST #1-3 sold $193500, thats $64,500/door
3024 NW 2 ST #1-3 sold $193500, thats $64,500/door