Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,000 sq ft
Active · StockCooperative
$140,000
651 Pine Dr 110, Pompano Beach, FL 33060
- Beds
- 2
- Baths
- 2
- Living area
- 1,000 sq ft
- $ / sq ft
- $140/sq ft
- Year built
- 1969
- Lot size
- —
- HOA fee
- $600
- Annual tax
- —
About this property
Best value for investors! First-floor co-op unit with immediate rental income in a high-demand area, just 5 minutes from the beach. This well-maintained unit features a new A/C, new water heater, and impact windows and doors. The building has passed the 50-year certification, providing peace of mind. 2 bedrooms, 2 bathrooms, plus a screened porch. The unit is remodeled except for the kitchen, offering excellent value-add potential Currently tenant-occupied, paying $1,600/month, with lease in place through March 31, 2027. Tenant has provided a large security deposit.
Property location
Get Directions651 Pine Dr 110, Pompano Beach, FL 33060
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Facts & features
Exterior & Structure
- Property type
- StockCooperative
- Year built
- 1969
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $600
- County
- Broward
- MLS listing ID
- A11949907
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
$381
- Cap rate
- 9.0%
- Net yield
- 9.0%
- Cash-on-cash return
- 11.7%
- Gross yield
- 18.7%
- Mortgage payment
- $664/mo
- Down payment
- $35,000
- Loan amount
- $105,000
- Annual NOI
- $12,538
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.