48
See all 48 photos
$5,000,000
Est. payment /mo
8,831 SqFt
New
3215 NE 7th St Pompano Beach, FL 33062
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UPDATED:
01/12/2025 09:01 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,831 sqft
Price per Sqft $566
MLS Listing ID A11715932
HOA Y/N No
Year Built 1975
Annual Tax Amount $60,000
Lot Size 0.344 Acres
Property 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
State FL
County Broward
Area 3113
Interior
Heating Window Unit, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Other, Tile
Window Features Impact Glass
Exterior
Roof Type Other
Total Parking Spaces 21
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Others
Tax ID 484331090190
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Listed by Fausto Commercial Realty Consultants Inc