Basics
Date added Added 1 week ago | Category Income/MultiFamily | Type Commercial Sale | Status Active |
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
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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: Other
- Parking: Shared Parking
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11715932
Amenities & Features
- WindowFeatures: Clear Impact Glass
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: Yes
- PoolPrivateYN: No
- FireplaceYN: No