Basic Information

  • MLS # A11715932
  • Type Multi Family
  • Status Active
  • Year Built 1975
  • Total Sqft 15,000
  • Date Listed 01/12/2025
  • Days on Market 116
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!

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description Common
  • Roof Description Other
  • Style Multi Family

Interior Features

  • Adjusted Sqft 15,000Sq.Ft
  • Cooling Description Wall Window Units
  • Floor Description Other, Tile
  • Heating Description Window Unit, Wall Furnace
  • Sqft 15,000 Sq.Ft

Property Features

  • Address 3215 NE 7th St
  • Aprox. Lot Size 15,000
  • City Pompano Beach
  • Construction Materials Block
  • County Broward
  • Furnished Info no
  • Levels Two
  • Listing Terms Cash, Conventional, Other
  • Occupant Type Call Agent
  • Parking Features Common
  • Postal City Pompano Beach
  • Public Survey Section Two
  • Roof Other
  • Sewer Description Public Sewer
  • Stories 2
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $60,000
  • Tax Legal desc A T L A N T I C V I E W26-19 B L O T20,21
  • Tax Year 0
  • Terms Considered Cash, Conventional, Other
  • Type of Property Multi Family
  • Water Source Public
  • Window Features Impact Glass

3215 NE 7th St

Pompano Beach, FL 33062

Similar Properties For Sale

The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc. tel: 786-748-7373

Real Estate IDX Powered by: TREMGROUP