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2301 NE 16th St Pompano Beach, FL 33062
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Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID F10165975
Year Built 1969
Annual Tax Amount $29,337
Tax Year 2018
Property Sub-Type Commercial
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.***
Location
State FL
County Broward County
Area North Broward Intracoastal To Us1 (3211-3234)
Zoning B-3
Interior
Flooring Tile Floors
Exterior
Water Access N
Roof Type Metal Roof
Building
Story 2.0000
Foundation Cbs Construction
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Bought with Dwell Residential Real Estate
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