2301 NE 16th St, Pompano Beach, FL 33062

$1,650,000
List Price
$1,650,000
Price Change
▼ $149,000 1554863904
Closing Date
Jun 03, 2019
MLS#
F10165975
Status
BACKUP CONTRACT-CALL LA
Type
Commercial
City
Pompano Beach
Year Built
1969
Lot Dimensions
19,564

Property Description

2-Story 13,000 SF Mixed-Use Retail/Residential Building consisting of: 4-Retail Stores (5,180sf), 8-Rental Apartments. (on 2nd floor), and 2-Storage Units, 900 SF. *Over 7%+ CAP RATE AT LIST PRICE* Current Gross Annual Income: $192,500. Projected Gross Annual Income: $207,900. *Projected Net Operating Income: $135,000. (To Be Verified by Buyer). Front & Rear Parking. Building in Very Good Condition. Visible from Federal Highway. 1-Tenant on a lease, all others Mo-Mo. with Upside Potential in Rents. Many Long-term Tenants, 5-20+ Years. See attachments for property flyer **IMPORTANT – DO NOT DISTURB THE TENANTS. SHOWINGS & INSPECTIONS TO BE SCHEDULED WITH LISTING BROKER.***

Additional Information

Lot Size
11,785
Taxes
$29,337
Flooring
Tile Floors
Parking Spaces
20

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