3215 NE 7th St, Pompano Beach FL 33062

3215 7th St, Pompano Beach, FL, 33062
$5,000,000

Basics

Date added Added 1 week ago Category Type Status
Lot size, sq ft 15000 sq ft Year built 1975 ListOfficeName Fausto Commercial Realty Consultants Inc ListAOR Miami Association of REALTORS®
MLS ID A11715932

Description

  • Description:

    Presenting 3215 NE 7th St, a renovated 22-unit multifamily property just steps from the beach in Pompano! Ideally located near the famous pier, shopping, and dining, this property is currently operating as an 18-room motel with ultra-spacious rooms, offering flexibility to continue short-term rentals with management in place or convert back to a 22-unit multifamily. Most units feature modern kitchens, stylish bathrooms, new flooring, impact windows/doors, and central air. The property also boasts ample parking, a beautiful pool, and plenty of seating/tanning areas. Proforma rents as a multifamily project potential returns over a 7% cap rate, making it a standout investment opportunity!

Location

  • CountyOrParish: Broward County

Building Details

  • Cooling features: Wall/Window Unit(s)
  • ParkingTotal: 21
  • NewConstructionYN: No
  • Heating: Wall/Window Units
  • Roof:
  • Parking:

Amenities & Features

  • WindowFeatures: Clear Impact Glass
  • Waterfront available: No
  • GarageYN: No
  • AttachedGarageYN: No
  • CoolingYN: Yes
  • PoolPrivateYN: No
  • FireplaceYN: No

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