NORTH OCEAN PLACE - LoopNet...NORTH OCEAN PLACE OFFERING FLYER Sale Price: $1,400,000 Price / Unit:...

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906 N Riverside Dr, Pompano Beach, FL 33062 9 Units | Multifamily Property | Outer Pompano Beach/Deerfield Beach NORTH OCEAN PLACE OFFERING FLYER Sale Price: $1,400,000 Price / Unit: $155,556 Number of Units: 9 Annual Rental Pro Forma Cap Rate: 6.38% Daily Rental Pro Forma Cap Rate: 12.7% Annual Rental Pro Forma NOI: $89,265 Daily Rental Pro Forma NOI: $177,732 Year Built: 1955 Lot Size: 0.2 Acres THE OFFERING INVESTMENT HIGHLIGHTS 9 Unit Value Add Opportunity Located Between The Intracoastal & The Ocean In Pompano Beach AAA Location In Walking Distance To Pompano Beach Recent Renovations Consisting Of New Flooring, Roof, Some Updated Bathrooms, And Kitchens Ideal Location To Run As Either Annual Or Daily Rentals In Walking Distance To The Newly Developed Fishing Village & Fishing Pier Surrounded By Major Highways Such As A1A, Atlantic Blvd, Riverside Dr, And US Federal Hwy 1 The Property Sits A Block Off Of A1A Which Provides Easy Access To All Major Highways CONTACT US RYAN WOLD (LEAD) AJ STANFORD DAN DRATCH TRAVIS JONES GREG MATUS Associate Senior Associate Senior Associate Associate SVP, Investment Sales 954.312.1678 954.660.9813 954.312.1677 954.312.1676 954.671.1821 [email protected] [email protected] [email protected] [email protected] [email protected]

Transcript of NORTH OCEAN PLACE - LoopNet...NORTH OCEAN PLACE OFFERING FLYER Sale Price: $1,400,000 Price / Unit:...

Page 1: NORTH OCEAN PLACE - LoopNet...NORTH OCEAN PLACE OFFERING FLYER Sale Price: $1,400,000 Price / Unit: $155,556 Number of Units: 9 Annual Rental Pro Forma Cap Rate: 6.38% Daily Rental

906 N Riverside Dr, Pompano Beach, FL 330629 Units | Multifamily Property | Outer Pompano Beach/Deerfield BeachNORTH OCEAN PLACE

O F F E R I N G F L Y E R

Sale Price: $1,400,000

Price / Unit: $155,556

Number of Units: 9

Annual Rental Pro Forma Cap Rate: 6.38%

Daily Rental Pro Forma Cap Rate: 12.7%

Annual Rental Pro Forma NOI: $89,265

Daily Rental Pro Forma NOI: $177,732

Year Built: 1955

Lot Size: 0.2 Acres

THE OFFERING INVESTMENT HIGHLIGHTS

• 9 Unit Value Add Opportunity Located Between The Intracoastal & The Ocean In Pompano Beach

• AAA Location In Walking Distance To Pompano Beach

• Recent Renovations Consisting Of New Flooring, Roof, Some Updated Bathrooms, And Kitchens

• Ideal Location To Run As Either Annual Or Daily Rentals

• In Walking Distance To The Newly Developed Fishing Village & Fishing Pier

• Surrounded By Major Highways Such As A1A, Atlantic Blvd, Riverside Dr, And US Federal Hwy 1

• The Property Sits A Block Off Of A1A Which Provides Easy Access To All Major Highways

CONTACT USRYAN WOLD (LEAD) AJ STANFORD DAN DRATCH TRAVIS JONES GREG MATUSAssociate Senior Associate Senior Associate Associate SVP, Investment Sales954.312.1678 954.660.9813 954.312.1677 954.312.1676 [email protected] [email protected] [email protected] [email protected] [email protected]

Page 2: NORTH OCEAN PLACE - LoopNet...NORTH OCEAN PLACE OFFERING FLYER Sale Price: $1,400,000 Price / Unit: $155,556 Number of Units: 9 Annual Rental Pro Forma Cap Rate: 6.38% Daily Rental

POMPANO BEACH

INTERCOASTAL WATERWAY

BEACH ACCESS

N RIVERSIDE DR

Page 3: NORTH OCEAN PLACE - LoopNet...NORTH OCEAN PLACE OFFERING FLYER Sale Price: $1,400,000 Price / Unit: $155,556 Number of Units: 9 Annual Rental Pro Forma Cap Rate: 6.38% Daily Rental

DOWNTOWN FT. LAUDERDALE

INTERCOASTAL WATERWAY

POMPANO BEACH PIER / FISHING VILLAGE

N RIVERSIDE DR

ATLANTIC BLVD

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N RIVERSIDE DR

POMPANO BEACH FORT LAUDERDALE MARRIOTT POMPANO BEACH RESORT & SPA

RESIDENCE INN BY MARRIOTLIGHTHOUSE POINTE

BEACH ACCESS

Page 5: NORTH OCEAN PLACE - LoopNet...NORTH OCEAN PLACE OFFERING FLYER Sale Price: $1,400,000 Price / Unit: $155,556 Number of Units: 9 Annual Rental Pro Forma Cap Rate: 6.38% Daily Rental

RYAN WOLD (LEAD) AJ STANFORD DAN DRATCH TRAVIS JONES GREG MATUSAssociate Senior Associate Senior Associate Associate SVP, Investment Sales954.312.1678 954.660.9813 954.312.1677 954.312.1676 [email protected] [email protected] [email protected] [email protected] [email protected]

NORTH OCEAN PLACECOLLABORATIVE REAL ESTATE SERVICESCONTACT A TEAM MEMBER FOR MORE INFORMATION