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3215 NE 7th St
$5,000,000
3215 NE 7th St, Pompano Beach, FL 33062
8,831 sqft
Building Size
4
Units
Details:
Highlights:
- Building Features: Awning/Hurricane Covers, Balconies, Barbeque, Pool
- Number Of Buildings: 1
- Documents Available: Aerial Photo(S), Photos, Rent Rolls
- Cooling: Wall/Window Unit(s)
- Heating: Wall/Window Units
- Flooring: Other, Tile
- Parking Features: Shared Parking
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
Gallery
