Commercial property in Pompano Beach, Florida 184.13 sq.m. № 2350840

Property description

VALUE-ADD. the 3plex presents investors with the opportunity to acquire a well-located and maintained income property in Pompano Beach's established Lyons Park neighborhood and offers a desirable unit mix consisting of one (2/1) and two (1/1) apts. Value-Add Opportunity: Below-Market Rents: Two of the property's one-bedroom apartments are currently leased at $1,000 and $1,050 per month—approximately 31% to 35% below prevailing market rents of $1,500 to $1,550 which represents a 11,400 to $12,600 annually increase in PGI. The 2 bdrm apt is vacant to showing and owner occupants.