Stabilized Motel | 350 NW 6th St
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Stabilized Motel 350 NW 6th St
16 Unit Block of Flats £701,053 (£43,816/Unit) 13.35% Net Initial Yield Pompano Beach, FL 33060
Investment Highlights
- This property is located on a corner lot on NW 6 Street between N Dixie Hwy & I-95.
- This opportunity features a 16 Room Motel with 6 shared bathrooms.
- Property was re-roofed 2-3 years ago.
- Excellent access to surrounding submarkets.
- Current NOI is approximately $120k annually.
- Tenants pay on average $800-$1,000 monthly rent.
Executive Summary
APEX Capital Realty is proud to present an opportunity to sell a fully stabilized 16 Room Motel in Pompano Beach. This is a room-and-board with shared restroom facilities.
Property Facts
| Price | £701,053 | Building Class | C |
| Price Per Unit | £43,816 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 3,494 SF |
| Net Initial Yield | 13.35% | Average Occupancy | 100% |
| No. Units | 16 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 4.29/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | £701,053 |
| Price Per Unit | £43,816 |
| Sale Type | Investment |
| Net Initial Yield | 13.35% |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,494 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1956 |
| Parking Ratio | 4.29/1,000 SF |
| Opportunity Zone |
Yes |
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 48-42-35-02-0120 | Improvements Assessment | £157,858 |
| Land Assessment | £63,048 | Total Assessment | £236,110 |
PROPERTY TAXES
Parcel Number
48-42-35-02-0120
Land Assessment
£63,048
Improvements Assessment
£157,858
Total Assessment
£236,110
zoning
| Zoning Code | TO-DPOD (TO - DPod Transit Oriented) |
| TO-DPOD (TO - DPod Transit Oriented) |
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Stabilized Motel | 350 NW 6th St
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