Price reduced for a quick sale ! Seller MOTIVATED ! - Excellent investment opportunity. Multifamily 14 units. 2 folios side-by-side, each folio zoned 08-Multifamily Less than 10 units. 4,700 Sq.ft under A/C. Recent improvements to the units 14 Parking spaces. All units are currently rented.
NET INCOME = $180,285
CAP RATE = 7.5%
Centrally located on Pembroke Road, close to I95 and 441. 20 minutes from the beach. 10 Minutes form Aventura mall, Downtown Hollywood. Mix of units: 11 Studios, 2 x 1 bed 1 Bath, 1 x 3 bed 2 bath Building 5010: 8 Units - 4,700 SqFt covered on a lot of 9,000 SqFt (75 x 120) Building 5018: 6 Units - 2,600 SqFt covered on a lot of 3,000 SqFt (25 x 120)
5010 Pembroke Rd
RBA: 4,627 SF
Land: .2 AC
5018 Pembroke Rd
RBA: 2,403 SF
Land: 0.07 AC
West Park, FL, 33021
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
