NOT LISTED FOR SALE

115 NE 5th St Pompano Beach, FL 33060

Downtown Pompano Beach Neighborhood
6 Beds
4 Baths
2,760 Sq Ft
6,534 Sq Ft Lot

Last Sold May 15, 2019

Last sale price $433,333 $157 Per Sq Ft

95 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • 1-minute walk to Founders Park

About This Home

As of May 2019

Great fourplex with large over-sized units and central A/C. The property consists of four 2-bed/1-bath units that are 100% leased at below market rates. This single-story building features CBS construction, central A/C, and ceramic tile flooring. Potential to remodel and raise rents. Amazing opportunity in Pompano Beach that will not last! THIS PROPERTY MUST BE PURCHASED WITH 119 NE 5th Street (ADJACENT FOURPLEX).

THIS PROPERTY MAY BE PURCHASED INDIVIDUALLY or in any combination with the other 24 properties in this portfolio offering. Showings are by appointment only. Do not disturb the tenants. Call us for more information on this property or the other properties in this portfolio.

Last Agent to Sell the Property

Julie Abolafia

Meridian Commercial License #3129097 Listed on: 12/13/2018

Co-Listed By

Douglas Driver

Meridian Commercial License #0672274

Last Buyer's Agent

Douglas Driver

Meridan Realty Advisors, Inc License #0672274

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,429

Year Built

  • Built in 1968

Lot Details

  • 6,534

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Substantially Remodeled
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • 4 Units
  • Perry & Wells Sub Corr Pla Condos
  • Perry & Wells Sub Corr Pla Subdivision

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 484235230140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,429

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1968
  • Property Sub Type: Quadruplex
  • Co List Office Mls Id: MDNC01
  • Co List Office Phone: 754-900-1900
  • Directions: I-95 to Atlantic Blvd, make a left on Dixie Highway, make a left on NE 6th St, make a right on NE 5th Street. The property will be on the right.
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: PERRY & WELLS SUB CORR PLA
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PERRY & WELLS SUB CORR PLA
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 484235230140
  • Zoning: TO-DPOD
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 5429

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2018
Closed on
May 17, 2019
Sold by
Cofab Properties Llc
Bought by
2 Mk Poakland Inc
Seller's Agent
Julie Abolafia
Meridian Commercial
Buyer's Agent
Douglas Driver
Meridan Realty Advisors, Inc
List Price
$447,500
Sold Price
$433,333
Premium/Discount to List
-$14,167
-3.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.49%
Original Mortgage
$975,000
Outstanding Balance
$864,332
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
-$10,332

Purchase Details

Listed on
Mar 25, 2014
Closed on
Nov 19, 2014
Sold by
Kraus William Edward and Kraus Phyllis Marie
Bought by
Cofab Properties Llc
Seller's Agent
Rick Turturro
Inactive member
List Price
$299,000
Sold Price
$231,200
Premium/Discount to List
-$67,800
-22.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.02%
Original Mortgage
$297,500
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 2000
Sold by
Available Not
Bought by
Available Not

Purchase Details

Closed on
Sep 7, 1995
Sold by
Kraus William E and Kraus Loretta V
Bought by
Kraus Loretta

Purchase Details

Closed on
Nov 1, 1980
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2019 05/15/19 Sold $433,333 -3.2% $157 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
12/01/2018 12/01/18 For Sale $447,500 +93.6% $162 / Sq Ft
11/19/2014 11/19/14 Sold $231,200 -22.7% $84 / Sq Ft
10/20/2014 10/20/14 Pending -- -- --
03/25/2014 03/25/14 For Sale $299,000 -- $108 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Julie Abolafia

    Meridian Commercial

    (754) 900-1900

    14 Total Sales

    Section Image
  • Douglas Driver

    Seller Co-Listing Agent in 2019

    Douglas Driver

    Meridian Commercial

    (954) 865-1453

    2 Total Sales

    Section Image

  • R

    Seller's Agent in 2014

    Rick Turturro

    Inactive member

  • Gary Lanham

    Seller Co-Listing Agent in 2014

    Gary Lanham

    Coldwell Banker Realty

    (954) 695-6518

    58 Total Sales

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10585998

MIAMI REALTORS® MLS

APN: 48-42-35-23-0140

Florida Broward County Pompano Beach 33060 Downtown Pompano Beach

115 NE 5th St, Pompano Beach, FL

This home is located at 115 NE 5th St, Pompano Beach, FL 33060 since 13 December 2018. This property was built in 1968. 115 NE 5th St is a home located in Broward County with nearby schools including Pompano Beach Elementary School, Pompano Beach Middle School, and Blanche Ely High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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