3215 NE 7th St Pompano Beach, Florida 33062, United States
MLS#: A11715932
$5,000,000 USD
The Commercial for Sale located at 3215 NE 7th St Pompano Beach Florida 33062 with Total Parking is currently for Sale, 3215 NE 7th St Pompano Beach Florida 33062 is listed for $5,000,000. If the property located at 3215 NE 7th St Pompano Beach Florida 33062 isn't what you're looking for, search Florida Real Estate to see other Commercial for Sale in Pompano Beach .
Property features
Key features
Construction details
- Year built
- 1975
Area
- Land/Lot size
- 15,000ft²
- Cooling system
- Wall or Window Units
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
