Oceanside Villas

Highlights:

• Upside Through Hands-On Property Management
• 15 Units One Block From The Atlantic Ocean
• Concrete Block Construction with a Pitched Concrete and Barrel Tile Roof
• Surrounded by Billions of Dollars of Redevelopment Activity in Pompano Beach

Description:

Marcus & Millichap is pleased to present Oceanside Villas, a boutique 15-unit fully furnished multifamily asset located at 3237–3245 NE 11th Street in Pompano Beach, Florida—just one block from the beach and east of the Intracoastal Waterway. Built in 1965, the property is comprised of three concrete block buildings totaling 9,286 square feet on 0.55 acres, with pitched concrete barrel tile roofs and a central swimming pool. The unit mix includes 3 studios (˜375 SF), 11 one-bedroom/one-bath units (˜540 SF), and 1 detached four-bedroom/two-bath home (2,221 SF).

Oceanside Villas presents a prime opportunity to increase value through hands on management, as it is currently being mismanaged by an out of area owner and management team that has been getting less than a 50% average daily occupancy per unit. The property’s layout, pool amenity, and walk-to-the-beach location make it ideally suited for vacation rentals in a market with growing nightly rate demand and limited boutique supply.

Oceanside Villas is surrounded by an unprecedented wave of high-end development reshaping Pompano Beach’s oceanfront. Within a half-mile radius, luxury projects such as the W Pompano Beach Hotel & Residences (planned), Salato Residences, Casamar Residences, Armani Residences, and Entourage in the Sun are setting a new standard for beachfront living and hospitality in the city. The nearby Pompano Beach Fishing Village and Pier District, with top-tier dining like Beach House and Oceanic, new retail, and the dual-branded Hilton Tru/Curio Collection Hotel, have created a walkable coastal destination for residents and visitors alike.

With a strong existing footprint, pool amenity, and unmatched proximity to both the ocean and Pompano Beach’s luxury redevelopment corridor, Oceanside Villas offers a compelling opportunity to reposition a stable asset into a boutique short-term rental hub in one of South Florida’s fastest- evolving beachfront markets.

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