1001 Pine Drive

Pompano Beach, FL 33060

$1,750,000
Last Sold Price
Beds
6,915 Sq. Ft.
$253 / Sq. Ft.
6,915
Sq. Ft.
$253
per Sq. Ft.

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
  1. Listed by Karin Benyamin • Galleria International Realty

Property Details for 1001 Pine Drive

Subdivision
OCEAN DRIVE ESTATES
Style
Fourplex
Waterfront
No
Area
3341
Geographic Area
North Broward Us1 To Dixie Hwy (3311-3342)
Auction
No
Total Units
8
Num Stories
2

Location

Listing Courtesy of Galleria International Realty

Sold By Galleria International Realty

Add your commute
LISTING UPDATED: 06/10/2021 12:25 PM

Property Details for 1001 Pine Drive

StatusClosed Sale
MLS #A11036648
Days on Market8
Taxes$22,491 / year
HOA Fees-
Condo/Co-op Fees-
Compass Type-
MLS Type-
Year Built1972
Lot Size0.25 AC / 10,726 SF
CountyBroward County

Location

Listing Courtesy of Galleria International Realty

Sold By Galleria International Realty

Add your commute

Building Information for 1001 Pine Drive

Stories-Residences8Year Built1972Lot Size0.25 AC / 10,726 SF

Payment Calculator

$11,425 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$1,874

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1001 Pine Drive

Location Information
Location Information
  • Parcel Number Free Text: 494201030920
  • Parcel Number MLX: 0920
  • MLS Area: 3341
  • Township Range: 49
  • Subdivision Number: 3
  • Subdivision Complex Bldg: OCEAN DRIVE ESTATES
  • Unit Count: 4
  • Zoning Information: RESIDENTIAL
General Information
Parking
  • Num Parking Spaces: 12
General Information
  • Property Type Information: Other
  • Approximate Lot Size: 10726
  • Lot Description: Less Than 1/4 Acre Lot, 1/4 To Less Than 1/2 Acre Lot, Other Lot Description
  • Pool: No
  • Construction: CBS Construction
  • Construction Type: CBS Construction
  • Roof Description: Curved/S-Tile Roof
  • Flooring: Other Floors
  • Floor Description: Other Floors
Additional Property Information
Utilities
  • Heating Description: Central Heat, Electric Heat
  • Cooling Description: Central Cooling, Electric Cooling
  • Sewer Description: Municipal Sewer
  • Separate Meter: No
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: None
Financial Information
Financial Information
  • Type of Association: None
  • Flood Zone: AH
  • Tax Year: 2020
  • Tax Information: Tax Reflects No Exemptions
  • Information Available: Copy Of Lease(S), Other Available Information

Property History for 1001 Pine Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Galleria International Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.