This is a Duplex located in the quaint "Old Pompano" area close to Pompano Beach High School. The building consists of a 3 bedroom/2 bath unit and a 2 bedroom/1 bath unit. Monthly income is $4000 per month. Owner pays water and lawn service. Tenants pay all else. Seller will finance with a minimum of 20% down or $127,800 or more. Buyer will finance at 7% rate for up to 15 years either straight fixed or with a 15 year balloon payment. Very low closing costs and buyer will not have to keep hurricane and flood insurance if they don't want to. This building will have a positive cash flow especially if new property tax legislation hits later this year. There are tenants in place on month to month lease please do not bother.
This is a Duplex located in the quaint "Old Pompano" area close to Pompano Beach High School. The building consists of a 3 bedroom/2 bath unit and a 2 bedroom/1 bath unit. Monthly income is $4000 per month. Owner pays water and lawn service. Tenants pay all else. Seller will finance with a minimum of 20% down or $127,800 or more. Buyer will finance at 7% rate for up to 15 years either straight fixed or with a 15 year balloon payment. Very low closing costs and buyer will not have to keep hurricane and flood insurance if they don't want to. This building will have a positive cash flow especially if new property tax legislation hits later this year. There are tenants in place on month to month lease please do not bother.
Features
Building and Construction
Exterior Features: Other
Flooring: Tile
Roof: Shingle
Eco-Communities
Water Source: Public
Utilities
Cooling: Wall/Window Unit(s)
Heating: None
Pets Allowed: Yes, No Restrictions
Sewer: Public Sewer
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
Tax Year: 2025
Rental Information
Tenant Pays: Cable TV, Electricity, Gas
Other Features
Legal Description: OCEAN WAY PARK 5-21 B LOT 16 BLK 4
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