Back 1001 Pine Drive
Off Market

1001 Pine Drive

Pompano Beach FL 33060

12
6915 sq. ft.
6915 sq. ft.
Duplex
Last sold for $1,750,000
Karin BenyaminKarin Benyamin, last sold this property on 08 June 2021 after 32 days on market.

Overview

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

Features

12 carspaces
6915 sq. ft. floor area
6915 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Pompano Beach over the last 12 months, the estimated median property value of 1001 Pine Drive is $608k.

Median value
$608k
Estimated value range
$370k - $1.24m
Median days on market
32
Estimated value trend
-5%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Pompano Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1001 Pine Drive

2021
Sold
$1,750,000
08 Jun 2021 by Karin Benyamin, of Galleria International Realty Fort Lauderdale Florida

Happy sellers in Pompano Beach

87%
87% of sellers in Pompano Beach reported that their sale price either exceeded or met their price expectations.

Pompano Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in Pompano Beach over the last 12 months.

Local market activity for duplexes in Pompano Beach

In the last 12 months, 18 duplexes similar to 1001 Pine Drive, have been sold.

This represents a 40% increase in duplexes sales when compared to the previous 12 months.

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