Laurana Apartments
Closed101 NW 7th Ave, Pompano Beach, FL 33060
Property type
Multifamily
Unit / Space count
10
Price
$819,000
Building size
5,271 sf
Rentable area
5,271 SF
Year built
1960
Year renovated
Occupancy
Zoning code
Lot size
0.39 Acres
Sold/status
Sold · Date unknown
Sale price
$819000
Bedroom count
Property description
101 NW 7th Ave is a 10-unit building in Pompano Beach, which is in Broward County. The building was built in 1960 with reinforced concrete, stucco exterior, shingle roof, and sits on .39+/- acres of land. The building is located on NE 7th Ave between NW 6th Ave and NW 7th Terrace. 101 NW 7th Ave is conveniently located north of W Atlantic Blvd, east of I-95, and west of N Dixie Hwy. The neighborhood consists of residential homes of similar age and construction as the subject property. Your tenants and guests are a short bike or uber ride to some of the best bars, restaurants, and shops Pompano Beach has to offer. The investment opportunity offers an excellent unit mix of (4) one bed & one bath and (6) two bed & one bath apartments, totaling approximately 5,271 RSF.
Property highlights
- Value-add Opportunity Located in the Pompano Beach CRA
- Current Rents are 15% Below Market
- Seller Replaced All Electric Panels and Updated the Sewer Line
- Direct Access to I-95, Atlantic Blvd, and US-1