1001 Pine Drive
1001 Pine Drive
$1,750,000
—
6,915
6,915
$253
Closed Sale 6/8/21
Description
Welcome 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...Welcome 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
The halfway house License is worth over $100,000 and it is attached to the property
- Listed by Karin Benyamin • Galleria International Realty
Property Details for 1001 Pine Drive
Subdivision
OCEAN DRIVE ESTATES
StyleFourplex
WaterfrontNo
Area3341
Geographic AreaNorth Broward Us1 To Dixie Hwy (3311-3342)
AuctionNo
Total Units8
Num Stories2
Location
LISTING UPDATED: 06/10/2021 12:25 PM
Property Details for 1001 Pine Drive
Status | Closed Sale |
---|---|
MLS # | A11036648 |
Days on Market | 8 |
Taxes | $22,491 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | - |
MLS Type | - |
Year Built | 1972 |
Lot Size | 0.25 AC / 10,726 SF |
County | Broward County |
Location
Building Information for 1001 Pine Drive
Stories-Residences8Year Built1972Lot Size0.25 AC / 10,726 SF
Payment Calculator
$11,425 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1001 Pine Drive
Property History for 1001 Pine Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1001 Pine Drive
This home is within Broward.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 12 |
Rating | School | Distance |
---|---|---|
Mcnab Elementary School PublicPK to 5 | ||
Pompano Beach Middle School Public6 to 8 | ||
Blanche Ely High School Public9 to 12 | ||
Broward Children's Center North PublicPK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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