715 NW 5th Ave Pompano Beach, FL 33060
Blanche Ely NeighborhoodEstimated payment $7,405/month
Highlights
- No HOA
- Central Heating and Cooling System
- 5-minute walk to Annie Adderly Gillis Park
About This Home
Income-Producing Fourplex in Central Pompano Beach – 5.3% Cap RateThis remodeled fourplex offers a strong investment opportunity in the heart of Pompano Beach. All four units are currently rented, providing stable income, with additional revenue generated from an on-site laundry room. Each unit is separately metered for electricity, minimizing landlord expenses.The building has undergone a complete renovation, including installation of brand-new central air conditioning system, impact windows, doors ensuring tenant comfort modern and appeal. Water expenses paid by the landlord, are effectively offset by income from the laundry facilities. Highlights:5.3% Cap Rate, All Units Rented, Income-Generating Laundry Room, Independent Electric Meters,Landlord Pays Water offset by laundry income.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,918
Year Built
- Built in 1961
Parking
- 5 Parking Spaces
Home Design
- Quadruplex
- Shingle Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 2,731 Sq Ft Home
- 2-Story Property
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- 4 Units
- Pinewood Heights Condos
- Pinewood Heights Subdivision
Listing and Financial Details
- Assessor Parcel Number 484235420150
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,918 | $330,430 | $30,600 | $299,830 |
| 2024 | $16,153 | $710,800 | $30,600 | $680,200 |
| 2023 | $16,153 | $710,800 | $30,600 | $680,200 |
| 2022 | $11,948 | $530,370 | $30,600 | $499,770 |
| 2021 | $7,573 | $323,120 | $30,600 | $292,520 |
| 2020 | $7,462 | $323,120 | $30,600 | $292,520 |
| 2019 | $4,786 | $190,230 | $30,600 | $159,630 |
| 2018 | $4,542 | $182,920 | $30,600 | $152,320 |
| 2017 | $3,718 | $150,180 | $0 | $0 |
| 2016 | $3,372 | $136,530 | $0 | $0 |
| 2015 | $3,138 | $124,120 | $0 | $0 |
| 2014 | $2,796 | $104,940 | $0 | $0 |
| 2013 | -- | $104,260 | $30,600 | $73,660 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2025 04/10/25 | For Sale | $1,089,000 | +36.1% | $399 / Sq Ft |
| 11/17/2022 11/17/22 | Sold | $800,000 | -3.0% | $293 / Sq Ft |
| 10/16/2022 10/16/22 | Pending | -- | -- | -- |
| 08/15/2022 08/15/22 | Price Changed | $825,000 | -5.2% | $302 / Sq Ft |
| 07/29/2022 07/29/22 | Price Changed | $870,000 | -0.6% | $319 / Sq Ft |
| 07/06/2022 07/06/22 | For Sale | $875,000 | 0.0% | $320 / Sq Ft |
| 06/11/2022 06/11/22 | Pending | -- | -- | -- |
| 05/26/2022 05/26/22 | For Sale | $875,000 | +49.3% | $320 / Sq Ft |
| 10/22/2021 10/22/21 | Sold | $586,000 | -5.5% | $215 / Sq Ft |
| 09/22/2021 09/22/21 | Pending | -- | -- | -- |
| 08/27/2021 08/27/21 | For Sale | $620,000 | +68.9% | $227 / Sq Ft |
| 11/08/2019 11/08/19 | Sold | $367,000 | -13.6% | $134 / Sq Ft |
| 10/09/2019 10/09/19 | Pending | -- | -- | -- |
| 06/25/2019 06/25/19 | For Sale | $425,000 | +37.1% | $156 / Sq Ft |
| 04/05/2019 04/05/19 | Sold | $310,000 | -11.4% | $124 / Sq Ft |
| 03/06/2019 03/06/19 | Pending | -- | -- | -- |
| 01/08/2019 01/08/19 | For Sale | $350,000 | -- | $140 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $800,000 | -- | |
| Warranty Deed | $586,000 | New Title Company Name | |
| Warranty Deed | $367,000 | Assure America Title Company | |
| Warranty Deed | $310,000 | All Fl Ttl Co Of Broward Llc | |
| Interfamily Deed Transfer | -- | Attorney | |
| Quit Claim Deed | -- | Attorney | |
| Quit Claim Deed | -- | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $591,000 | No Value Available | |
| Previous Owner | $416,000 | Construction | |
| Previous Owner | $255,000 | New Conventional | |
| Previous Owner | $248,000 | Construction |
Source: MIAMI REALTORS® MLS
MLS Number: A11783500
APN: 48-42-35-42-0150
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