Overview
- Updated On:
- January 12, 2025
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!
Address: 3215 NE 7th St, Pompano Beach FL 33062
City: Pompano Beach
State/County: Broward County
Zip: 33062
Country: United States
Open In Google Maps
Property Id : 284011
Price: $ 5,000,000
BuildingAreaTotal: 8831
BuildingAreaUnits: Square Feet
BuildingFeatures: Awning/Hurricane Covers,Balconies,Barbeque,Pool
BusinessType: Apartments
ContractStatusChangeDate: 2025-01-12
Cooling: Wall/Window Unit(s)
DaysOnMarket: 0
DocumentsAvailable: Aerial Photo(S),Photos,Rent Rolls
Flooring: Other,Tile
Heating: Wall/Window Units
IDXParticipationYN: 1
Inclusions: Equipment,Furniture/Fixtures
InternetAddressDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
InternetConsumerCommentYN: 1
InternetEntireListingDisplayYN: 1
ListAOR: A-Miami Association of REALTORS
ListAgentDirectPhone: 954-743-7594
ListAgentEmail: elevi@faustocommercial.com
ListAgentFullName: Elior Levi
ListAgentKey: 1935ebadec8c69d7a6e4620d2dae77a8
ListAgentMlsId: 3574869
ListAgentOfficePhone: 9547437594
ListAgentStateLicense: 3574869
ListOfficeFax: 305-675-0365
ListOfficeKey: 7cfc112ff185580637392301ab94285c
ListOfficeMlsId: FAUS01
ListOfficeName: Fausto Commercial Realty Consultants Inc
ListOfficePhone: 9547437594
ListingAgreement: Exclusive Right To Sell
ListingContractDate: 2025-01-12
ListingId: A11715932
ListingKeyNumeric: 405018399
ListingTerms: All Cash,Conventional/Refinance
LivingAreaUnits: Square Feet
LotSizeSquareFeet: 15000
LotSizeUnits: Square Feet
Other Features
Has Cooling System
Has Heating System
$ 25,635.99
per month- Principal and Interest
- Property Tax
- HOA fee
$ 19,385.99
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