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COLLIER MANORS 2865 NE 13th Ave

2 Unit Apartment Building $710,000 ($355,000/Unit) Pompano Beach, FL 33064

Investment Highlights

  • - Ideal for Owner occupant and collect rent to cover 1/2 of the mortgage.
  • - Renovated in 2024
  • - 2 units, single family home plus a in law quarters.
  • - Prime Pompano Beach location

Executive Summary

ALL REMODELED single family home with an attached in-law apartment with private entrance and private yard.
House could be owner occupied and collect rent from the apartment and cover almost half of the mortgage.
House potential market rent $4,000
3 beds 3 baths
1200 SF
Attached apartment potential market rent $2,400
2 beds 1 bath
600 SF
Newer roof
Newer plumbing
Fully remodeled ready to occupy and/or collect rental income.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $76,800 $38.79
Other Income - -
Vacancy Loss - -
Effective Gross Income $76,800 $38.79
Taxes $5,300 $2.68
Operating Expenses $5,170 $2.61
Total Expenses $10,470 $5.29
Net Operating Income $66,330 $33.50

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $76,800
Annual Per SF $38.79
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $76,800
Annual Per SF $38.79
Taxes
Annual $5,300
Annual Per SF $2.68
Operating Expenses
Annual $5,170
Annual Per SF $2.61
Total Expenses
Annual $10,470
Annual Per SF $5.29
Net Operating Income
Annual $66,330
Annual Per SF $33.50

Property Facts

Price $710,000
Price Per Unit $355,000
Sale Type Investment
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.13 AC
Building Size 1,980 SF
No. Stories 1
Year Built 1958
Parking Ratio 2/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2.5 1 $4,000 -
2+1 1 $2,400 -

zoning

Zoning Code RS-4 (RESIDENTIAL)
RS-4 (RESIDENTIAL)
  • Listing ID: 33791651

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 2865 NE 13th Ave, Pompano Beach, FL 33064

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