SOLD: 80 Unit Portfolio for $4,700,000 / $58,750 Per Unit in Pompano Beach, FL
Pompano Beach, FL (2/2013) — Annie and David Pearl, KW Commercial are pleased to announce the sale of an 80 unit multifamily portfolio. The portfolio consists of 3 different properties located in Pompano Beach and Deerfield Beach. The buyer was represented by Annie & David Pearl, KW Commercial and CJ Maier, Michaelson Real Estate Partners. The buyers are private investors from New York and have renovations planned for all properties.
The portfolio was sold for $4,700,000 or $58,750 per unit. This was an all cash sale. All properties are well located, 60 units in East Pompano Beach and 20 units off A1A in Deerfield Beach.
Annie and David, Pearl Real Estate Group are extremely experienced in all aspects of commercial brokerage, with a specialty in distressed assets. This team has a proven track record in note sales, short sales and bank owned properties.