PRICED AT ONLY: $2,699,900
Address: 513 Ocean Boulevard S, Pompano Beach, FL 33062
Description
Do Not Walk Property or Disturb Tenants! Paradise Shores is an 8 Unit Multifamily in East Pompano Beach, Florida just steps to the Atlantic Ocean. The property is currently operating as a short term rental property with a strong repeat client list. Paradise Shores is well managed with many future bookings in place for year round activity. Paradise Shores has seen significant capital improvements including new furnishings, new air conditioning, new electrical service, newly lined sewer pipes, stabilization of operations, and much more. The units themselves are large more in line with private condominiums in the area making the property perfect for short term rentals. Parking is abundant as compared to similar properties in the area. Unit Mix (4) 2/2s (4) 1/1s.
Property Location and Similar Properties
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- MLS#: RX-11116550 ( Quad Plex )
- Street Address: 513 Ocean Boulevard S
- Viewed: 1
- Price: $2,699,900
- Price sqft: $0
- Waterfront: No
- Year Built: 1972
- Bldg sqft: 0
- Days On Market: 10
- Additional Information
- Geolocation: 26.2276 / -80.0915
- County: BROWARD
- City: Pompano Beach
- Zipcode: 33062
- Subdivision: Blount Bros Pompano Beach
- Provided by: Open Market Residential LLC
- Contact: Steven R Paulsen
- (954) 859-5003
- DMCA Notice
Features
Building and Construction
- Absolute Longitude: 80.091545
- Construction: CBS
- Exterior Features: None
- Flooring: Tile
- Roof: Built-Up
- Sqft Source: Tax Rolls
- Sqft Total: 5872.00
- Total Building Sqft: 5872.00
Property Information
- Property Condition: Resale
- Property Group Id: 19990816212116581394000000
Land Information
- Lot Description: < 1/4 Acre
- Subdivision Information: Common Laundry, Park, Sidewalks
Eco-Communities
- Private Pool: No
- Storm Protection Impact Glass: Partial
- Waterfront Details: None, Ocean Access
Utilities
- Carport Spaces: 0.00
- Cooling: Central
- Heating: Central
- Number Of Stories: 2.0
- Separate Elec Meters: Yes
- Separate Wtr Meters: No
- Utilities: Cable, Electric, Public Sewer, Public Water
Finance and Tax Information
- Home Owners Association poa coa Monthly: 0.00
- Homeowners Assoc: None
- Income Expenses Annual Net Oper Inc: 178810.00
- Income Expenses Annual Total Expense: 163202.00
- Income Expenses Gross Operating Inc: 342012.00
- Source Of Expenses: Owner
- Tax Year: 2024
Rental Information
- Tenant Pays: None
Other Features
- Avail Info: Equipment List, Inventory, Investment Analysis
- Country: United States
- Housing For Older Persons Act: No Hopa
- Legal Desc: BLOUNT BROS POMPANO BEACH SUB 2-43 B LOT 4 LESS PT DESC IN OR 13100/158 BLK 12
- Parcel Id: 494306061150
- Possession: At Closing, Funding
- View: Garden
- Zoning: AOD
Nearby Subdivisions
Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
