Basic Information
- MLS # A11036648
- Type Quadruplex
- Status Closed
- Subdivision/Complex Ocean Drive Estates
- Year Built 1972
- Total Sqft 6,915
- Date Listed 05/03/2021
- Days on Market 36
Welcome to the perfect real estate investment property... This property is rented entirely to one tenant who is responsible for most property Maintenance Expenses with the exception of major property repairs, property insurance policy and property taxes. Tenant has a halfway house business for Rehab patients, NOT INCLUDED It serves between the initial medical rehab and going back to independent life to avoid relapse. Tenant is on a 5-year lease with 2 more years left and is absolutely interested in staying for far longer than that. This property has 8 units all 21s, Making 132,000 Yearly 11,000 per month has 34,747 Yearly Expenses, and Netting 97,253. The current Cap Rate is 5.4 The halfway house License is worth over 100,000 and it is attached to the property
Amenities
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Construction Type Block
- Parking Description
- Style Quadruplex
Interior Features
- Adjusted Sqft 6,915Sq.Ft
- Cooling Description Central Air, Electric
- Floor Description Other
- Heating Description Central, Electric
- Sqft 6,915 Sq.Ft
Property Features
- Address 1001 Pine Dr
- Aprox. Lot Size 6,915
- Construction Materials Block
- Furnished Info no
- Listing Terms Cash, Conventional
- HOA Fees $0
- Subdivision Complex
- Subdivision Info Ocean Drive Estates
- Tax Amount $22,491
- Tax Legal desc OCEAN DRIVE ESTATES 8-2 B LOT 10,11 BLK 6
- Tax Year 2020
- Terms Considered Cash, Conventional
- Type of Property Quadruplex
1001 Pine Dr
Pompano Beach, FL 33060Similar Properties For Sale
-
$2,250,0006 Beds7.5 Baths7,043 Sq.Ft11390 SW 91st Ave, Miami, FL 33176 -
$2,250,0000 Beds0 Baths7,982 Sq.Ft2510 - 2522 NE 11th Ct, Fort Lauderdale, FL 33304 -
$2,250,0000 Beds0 Baths7,500 Sq.Ft479 SW 3rd St, Miami, FL 33130 -
$2,250,0000 Beds0 Baths7,500 Sq.Ft469 SW 3rd St, Miami, FL 33130 -
$2,250,0000 Beds0 Baths8,368 Sq.Ft5801 NE 18th Ave, Fort Lauderdale, FL 33334 -
$2,250,0006 Beds6 Baths7,892 Sq.Ft820 NW 120th Ave, Plantation, FL 33325 -
$2,250,0000 Beds0 Baths7,164 Sq.Ftxxx SW 18th Ave, Miami, FL 33135 -
$2,250,0003 Beds2 Baths7,500 Sq.Ft1443 Lenox Ave, Miami Beach, FL 33139 -
$2,250,0000 Beds0 Baths7,500 Sq.Ft641 NW 2nd St, Miami, FL 33128 -
$2,250,0000 Beds0 Baths7,339 Sq.Ft10200 NW 25th St #113, Doral, FL 33172
The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Galleria International Realty. tel: 954-229-2222
Real Estate IDX Powered by: TREMGROUP
