Homes for sale - 3215 NE 7th St, Pompano Beach, FL 33062

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Zeyda Cruz

zeyda@zeydasellshomes.com +1(754) 551-0248

$ 5,000,000

Est. payment | -/mo

8,831 SqFt

Save Virtual Tour

$ 5,000,000

Est. payment | -/mo

Save Virtual Tour

8,831 SqFt

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

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(754) 551-0248

zeyda@zeydasellshomes.com

3215 NE 7th St Pompano Beach, FL 33062