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$5,000,000
Est. payment /mo
8,831 SqFt
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
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Listed by Fausto Commercial Realty Consultants Inc