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!
Features
: Wall/window Units
: Wall/window Unit(s)
: 21
: Pool, Balconies, Barbeque, Awning/hurricane Covers
: Tile, Other
: Shared Parking
: Other
: Public Sanitation
Address Map
FL
Broward County
Pompano Beach
33062
3215 NE 7th St
0
W81° 54' 38.5''
N26° 14' 34.8''
MLS Addon
7
: Equipment, Furniture/fixtures
: All Cash, Conventional/refinance
: Sale
2
: Hotel/motel
$60,000
: Public
RM-20
Commercial Sale For Sale
3215 NE 7th St, Pompano Beach, Florida 33062
15,000 Sqft
$5,000,000
Listing ID #A11715932
Basic Details
Property Type : Commercial Sale
Property SubType : Income/multifamily
Listing Type : For Sale
Listing ID : A11715932
Price : $5,000,000
Year Built : 1975
Lot Area : 15,000 Sqft
Building Area : 8,831 Sqft
Status : Active
