For Sale
3215 7th St, Pompano Beach, Florida 33062
$5,000,000
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!
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Details
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Property Type: Commercial
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Property SubType: Multi Family
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Listing Type: For Sale
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Listing ID: A11715932
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Price: $5,000,000
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View: Intercoastal,ocean,pool
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Bedrooms: 0
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Bathrooms: 0
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Half Bathrooms: 0
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Square Footage: 0 Sqft
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Year Built: 1975
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Status: Active
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Original Property Type: Commercial Sale
Features
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Heating System : Wall Furnace, Window Unit
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Cooling System : Wall/window Unit(s)
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Roof Deck : Other
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Flooring : Tile, Other
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Parking : Common
Location
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Country US
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State FL
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County Broward
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City Pompano Beach
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Zipcode 33062
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Neighborhood: Pompano Beach
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Street: 7th St
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Street Number: 3215
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Floor Number: 0
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Longitude: W81° 54' 35.6''
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Latitude: N26° 14' 34.3''
Additional Info
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Stories: 2
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UnBranded Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11715932
