FL > Pompano Beach
Pompano Beach, FL 33062,3215 NE 7th St
Pompano Beach, FL 33062,3215 NE 7th St
Pompano Beach, FL 33062,3215 NE 7th St
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Monica Cataluña-Shand, CCIM

Monica Cataluña-Shand, CCIM

+1(954) 812-1831
$5,000,000
Est. payment /mo
8,831 SqFt
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UPDATED:

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 Sub-Type Multi Family

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

Private Pool Yes

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

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11715932

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Listed by Fausto Commercial Realty Consultants Inc
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"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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3215 NE 7th St