Completely restored and remodeled modern 5-unit CBS apartment building. Everything was replaced including A/C, Electrical, Plumbing, Floors, Hurricane Impact Windows & Doors, Fixtures, Appliances, Cabinets, Closets, etc in 2022 as part of the restoration. Everything permitted and new in each unit as of 2022! Features four 2br/1ba and one 1br/1ba apartment unit modern restored with everything needed to achieve maximum rents. 2br units rent for $1,900 to $1,950 and the 1br unit rents for $1,700 to $1,750 per month. Gross income at $113,400 per year! Easy to self-manage and great tenants 100% occupied since restoration completed! Great east location near everything! All 5 leases are annual and unfurnished.
Complex:
PALM TREE (Downtown Pompano Beach)
Heating:
Central, Electric
Cooling:
Ceiling Fan, Central, Electric
Construction
CBS,Concrete
Utilities
Cable,Electric,Public Sewer,Public Water,Separate Meter
Owner Pays:
Cable,Electric
1109 NW 6th Avenue, #1-5, Pompano Beach, FL, 33060
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
