Seller's Agent in 2021
Karin Benyamin
Compass Florida, LLC
(754) 422-6406
2 in this area
11 Total Sales
1001 Pine Dr Pompano Beach, FL 33060
Snug Harbor Neighborhood
16
Beds
8
Baths
6,915
Sq Ft
0.25
Acres
About This Home
As of June 2021Welcome 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 2/1's, 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
Last Agent to Sell the Property
Compass Florida, LLC License #3158314 Listed on: 05/03/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,491
Year Built
- Built in 1972
Lot Details
- 0.25
Parking
- 12 Parking Spaces
Home Design
- Quadruplex
- Tile Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 6,915 Sq Ft Home
- 2-Story Property
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Total Actual Rent $132,000
- Assessor Parcel Number 494201030920
Community Details
Overview
- No Home Owners Association
- 4 Units
- Ocean Drive Estates Condos
- Ocean Drive Estates Subdivision
Building Details
- Operating Expense $34,747
- Net Operating Income $97,253
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/08/2021 06/08/21 | Sold | $1,750,000 | -2.8% | $253 / Sq Ft |
| 05/02/2021 05/02/21 | For Sale | $1,800,000 | -- | $260 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $27,250 | $1,195,540 | $75,080 | $1,120,460 |
| 2025 | $32,077 | $1,195,250 | $75,080 | $1,120,170 |
| 2024 | $33,156 | $1,435,500 | $75,080 | $1,360,420 |
| 2023 | $33,156 | $1,422,710 | $0 | $0 |
| 2022 | $33,223 | $1,516,620 | $75,080 | $1,441,540 |
| 2021 | $22,842 | $1,020,530 | $75,080 | $945,450 |
| 2020 | $22,491 | $1,020,530 | $75,080 | $945,450 |
| 2019 | $22,652 | $1,020,530 | $75,080 | $945,450 |
| 2018 | $13,407 | $792,770 | $75,080 | $717,690 |
| 2017 | $11,664 | $439,530 | $0 | $0 |
| 2016 | -- | $399,580 | $0 | $0 |
| 2015 | -- | $363,260 | $0 | $0 |
| 2014 | -- | $330,240 | $0 | $0 |
| 2013 | $78 | $336,750 | $75,080 | $261,670 |
Source: Public Records
Agents Affiliated with this Home
-
Karin Benyamin
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11036648
APN: 49-42-01-03-0920
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